China’s Taizhou Petrochemical shuts MIBK plant

16 July 2012 09:41  [Source: ICIS news]

MELBOURNE (ICIS)--China’s Taizhou Petrochemical has shut its 20,000 tonne/year methyl isobutyl ketone (MIBK) plant at Taizhou in Jiangsu province on 15 July because of unfavourable economics, a source close to the company said on Monday.

The plant may stay shut for one to two months and its restart will depend on MIBK market conditions, added the source.

The plant was restarted on 2 May after being brought off line in mid-January.

“[Market participants in China] are aware of Taizhou’s unstable MIBK output in recent years, and as such, the latest shutdown is unlikely to have much of an impact on the market,” said a China-based source.

MIBK, which is derived from acetone, is used mainly as a solvent for industrial paints and thinners and in the production of rubber chemicals.

Other MIBK makers in China include Jilin Petrochemical, Ningbo Zhenyang and Zhenjiang LCY General Chemical.

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