03 September 2012 10:27 [Source: ICIS news]
SINGAPORE (ICIS)--Philippines-based United Coconut Chemicals (Cocochem) has shut last month its oleochemical complex in Batangas indefinitely because of a “plant problem”, a source close to the company said on Monday.
Further details on the nature of the production problem were unavailable.
Market players said the shutdown could be partly due to weak economics at a time of growing capacity and a slowdown in global demand.
“Fatty alcohols margins are weak. There is too much capacity and the demand is not good,” the source said.
Cocochem has an annual nameplate capacity of 36,000 tonnes/year of fatty alcohols and 100,000 tonnes/year of fat splitting capacity.
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