26 April 2012 08:58 [Source: ICIS news]
The source could not provide an exact date on the restart and company officials could not be reached for comment.
IAC will have acetic acid cargoes for sale after May, if resumption of operations at the plant goes smoothly, allowing it to rebuild stocks, the source said.
Once normal operation is achieved at the plant, possibly around mid-May, the source said it would allow a downstream 330,000 tonne/year vinyl acetate monomer (VAM) at the site to run at 120% from the current 80%.
The VAM plant is operated by International Vinyl Acetate Company (IVC).
IAC and IVC are limited liability companies that are 76%-owned by Sipchem. Ikarus Petroleum Industries Company has an 11% stake in the two companies, while Helm Arabia holds 10%, and the remaining 3% is with
Major acetic acid producers in Asia include US-based
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