Taiwan's Tasco to raise Kaohsiung MEK unit run rate to above 90%

31 August 2012 10:00  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Tasco Chemical plans to increase the operating rates at its 120,000 tonne/year methyl ethyl ketone (MEK) facility in Kaohsiung to above 90% capacity from 80% next week, a company source said on Friday.

The company has been running the plant at reduced rates since April because of insufficient feedstock C4 supply from its feedstock supplier CPC Corp following a pipeline leak and explosion at the refiner’s crude butadiene (BD) tank at Kaohsiung.

Weak margins have also curtailed Tasco’s MEK production, market sources said.

Spot prices rose by $25-30/tonne (€20-24/tonne) to $1,310-1,345/tonne CFR SE Asia during the week ended 24 August on the back of higher naphtha prices, according to ICIS pricing data.

($1 = €0.80)

By: Yeow Pei Lin

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