14 September 2012 05:33 [Source: ICIS news]
The force majeure was declared in a letter to customers following a plant outage on 3 September because of a shortage of feedstock carbon monoxide supply, according to the sources.
Company officials were unable to comment on plant operations.
The acetic acid plant was previously taken off line on 1 August in line with the maintenance shutdown schedule of the upstream carbon monoxide unit and resumed operations on 26 August.
However, the plant had to be shut again on 3 September following a technical problem at the upstream carbon monoxide unit, sources added. Operations at the acetic acid plant were expected to resume on 21 September.
Sources said the company has no allocations for their customers pending the restart and stable operations of the acetic acid plant.
They added that the acetic acid plant was operating at 80-90% of capacity prior to the shutdown on 1 August.
The plant can produce up to 550,000 tonnes/year of acetic acid when it operates at full capacity, sources said.
Chinese domestic acetic acid prices rose yuan (CNY) 50/tonne ($8/tonne) to CNY 3,050-3,300/tonne ex-tank in eastern
BYACO is a 50/50 joint venture between BP and Sinopec.
Major acetic acid producers in
($1 = CNY 6.33)
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