China’s Sichuan Luzhou Natural Gas Chem to restart methanol unit

18 July 2012 06:54  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sichuan Luzhou Natural Gas Chem is planning to restart its 400,000 tonne/year methanol plant in Sichuan province on 20 July, a company source said on Tuesday.

The plant was taken off line in early May because of tight supply of feedstock natural gas, the source added. The company decided to restart the plant after gaining supply of natural gas from PetroChina Southwest Oil & Gasfield, according to the company source.

The company’s 45,000 tonne /year methanol line at the same site has remained shut since September 2009 for the same reason, the source said. No restart date has been set for the plant, added the source.

The methanol prices in southwest China are expected to fall on increased supply, the source said.

Methanol prices in southwest China were assessed at yuan (CNY) 2,350-2,600/tonne ($368-408/tonne) EXW (ex-works) on Tuesday, which were unchanged from 10 July, according to Chemease, an ICIS service in China.

($1 = CNY6.38)

By: Rachel Qian

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