Taiwan’s LCY restarts Linyuan etac plant on domestic demand

11 July 2012 08:46  [Source: ICIS news]

MELBOURNE (ICIS news)--Taiwan’s LCY Chemical has in early July restarted its 50,000 tonne/year ethylene-based ethyl acetate (etac) plant at Linyuan to meet demand from its domestic Taiwanese customers, market sources said on Wednesday.

LCY Chemical restarted the plant after about three months of stoppage, they said.

The company has kept its overall etac operating rate at a low level so far in 2012 because comparatively high ethylene feedstock costs have reduced its competitiveness against etac produced by the esterification of ethanol with acetic acid, the sources added. 

Further details on the plant's operating rate and restart date were not immediately available.

Domestic etac prices in Taiwan declined to New Taiwan dollars (NT$) 29.50-30.00/kg ($0.98-1.00/tonne) EXW (ex-works) this month, from NT$30.00/kg EXW in June, weighed down by imports of competitively priced etac from China, according to the sources.

($1 = NT$29.95)

By: Trisha Huang

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly