18 July 2012 11:24 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corporation (CNOOC) is planning to start up its 100,000 tonnes/year butyl acrylate (butyl-A) plant at Huizhou in ?xml:namespace>
The company was initially planning to start up the unit by the end of June this year, but this was changed to August because of delays in achieving environmental clearance from the government and weak demand, according to the source.
The producer also expects to start up a 140,000 tonnes/year acrylic acid (AA) plant and a 160,000 tonnes/year acrylate esters plant at the same site, the source said. However, the exact start-up dates of these plants could not be confirmed.
The supply of butyl-A, AA and acrylate esters in Guangzhou province will increase after the start-up, but this is expected to have a limited impact on the market as downstream demand remains weak, a market player said.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections