PTTGC mulls output cut at I-4 No 1 cracker on rising naphtha cost

11 September 2012 10:13  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s PTT Global Chemical (PTTGC) may reduce operating rates at its 515,000 tonne/year mixed-feed I-4 No 1 cracker at Map Ta Phut to 80% from current levels of 85-90%, if values of feedstock naphtha continued to rise, a company official said on Tuesday.

“We have no plans to reduce the cracker operating rates yet, but if naphtha values increase, then we may reduce rates to 80% for the mixed-feed cracker,” the source said.

The I-4 No 1 cracker can feed on both naphtha and ethane.

Naphtha prices in Asia closed at $1,010.50-1,012.50/tonne (€788.19-789.75/tonne) CFR (cost and freight) Japan on Monday, up by $11/tonne from Friday levels, according to ICIS data.

Meanwhile, PTTGC’s ethane-based 400,000 tonne/year I-4 No 2 cracker in Map Ta Phut is currently running at full capacity, the source said.

($1 = €0.78)

With additional reporting by Felicia Loo

By: Helen Lee
+65 6780 4359

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