Philippines’ Cocochem shuts oleochemical complex indefinitely

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.

By: Yeow Pei Lin

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