China's Kingboard Chemical runs Chongqing methanol plant at 70%

16 May 2012 04:22  [Source: ICIS news]

SINGAPORE (ICIS)--Kingboard Chemical is currently running its 450,000 tonne/year methanol plant at Chongqing in southwest China at 70% of capacity after the unit was restarted on 9 May, a company source said on Wednesday.

Tight supply of feedstock natural gas forced the shutdown of the plant for about five months since early December 2011, the source said.

Most of the plant’s methanol output will be for captive use at company’s formaldehyde plant, the source said.

Formaldehyde is a major downstream product of methanol. About 0.455 tonnes of methanol is required to produce one tonne of formaldehyde.

Kingboard Chemical runs two formaldehyde lines with a combined capacity of 380,000 tonne/year in Jiangsu province, the source said.

By: Rachel Qian

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