Thailand's PTT Phenol runs phenol-acetone plant at full capacity

31 May 2012 12:57  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand-based PTT Phenol is running its phenol/acetone facility in Map Ta Phut, Rayong province, at full capacity, a company source said on Thursday.

The plant, which can produce 200,000 tonnes/year of phenol and 124,000 tonnes/year of acetone, has been running full rates to meet its contractual obligation, despite poor margins, the source said.

PTT Phenol has no plans to cut operating rates, but did not rule out the possibility of a production cutback if prevailing weak market conditions continue, the source said.

Taiwan’s Formosa Chemicals & Fibre Corp (FCFC) is planning to cut operating rates at its phenol-acetone plant in Mailiao to 85% capacity from 1 June because of poor demand, while other regional producers are mulling production cuts because of poor margins, industry sources said.

By: Liu Xin
+65 6780 4359

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