Thailand’s IRPC eyes cuts in cracker run rate to 70% in June
28 May 2012 05:50 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Thailand’s Integrated Refinery Petrochemical Complex (IRPC) is considering to cut the operating rates at its 350,000 tonne/year naphtha cracker in Muang next month because of poor performance in the derivative polyolefins markets, a company source said on Monday.
“We are looking at reducing the cracker operating rate to 70% or lower depending on the situation,” the source said, adding that the plant is currently running at 95% of capacity.
Separately, IRPC is on track to start up a new Muang metathesis unit, which can produce around 100,000 tonnes/year of propylene, at the end of the third quarter of this year, the source said.
IRPC buys propylene from the domestic market for its derivative polypropylene (PP) production and the new metathesis unit is expected to help meet part of its feedstock requirements.
The company also operates an existing deep fluid catalytic cracking (DCC) unit at the site that can produce around 120,000 tonnes/year of propylene. The DCC has been running at around 80% of capacity this month, the source said.
Integrated polyethylene (PE) margins in northeast Asia fell by $15-19/tonne (€12-15/tonne) during the week ended 25 May to $91/tonne for linear density PE (LDPE) film and to $121/tonne for high density PE (HDPE) injection grade, according to ICIS data.
($1 = €0.80)By: Peh Soo Hwee+65 6780 4359
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