19 June 2012 13:25 [Source: ICIS news]
SINGAPORE (ICIS)--Thaioil Ethanol is running its 72,000 cubic metre/year anhydrous ethanol plant in Lopburi, Thailand, at 80% capacity because of poor domestic and export demand, a company source said on Tuesday.
“The demand for anhydrous ethanol in the export market is weak because customers are still covered with product until September,” the source said.
“However, the domestic market has improved slightly because the government is boosting the use of fuel-grade ethanol in the country,” the source added.
“Our inventory is healthy and we hope the domestic market will continue to strengthen, so that we will be able to find an outlet for some of our cargoes,” the source said.
Thaioil Ethanol is the ethanol-producing arm of stated-owned Thai Oil.
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