07 September 2012 04:19 [Source: ICIS news]
The company is unable to raise its etac plant operating rate because of ongoing difficulty in securing sufficient feedstock ethanol, the supply of which has been curbed by increased costs of raw materials corn and tapioca, along with the costs of other food crops, the source said.
“It is unclear for how much longer the ethanol supply shortage will continue,” said the source.
Unstable operations at its integrated acetic acid plant in recent weeks, as well as its acetic acid export sales commitments, have worsened the overall feedstock supply shortage for etac, the source added.
Jiangsu Sopo operates two acetic acid plants with combined capacities of 1m tonnes/year, as well as a 500,000 tonne/year methanol plant, at the same site in
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