S Korea's Hanwha Chemical to shut oxos unit on technical issues

12 October 2012 07:48  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea's Hanwha Chemical plans to shut its oxo-alcohols plant on 13 October because of technical issues at the unit, a company source said on Friday.

The Yeosu unit has a nameplate capacity of 110,000 tonnes/year of 2-ethylhexanol (2-EH) and 10,000 tonnes/year of n-butanol (NBA).

“We have to shut down our plant on Saturday this week because of technical issues, and will restart after checks are finished,” the source said.

“We expect the shutdown to last five to seven days,” he added.

Details on the plant's operating rate were not immediately available.

The shutdown is likely to tighten Hanwha Chemical's oxo-alcohols inventory, but the company will continue to supply spot cargoes, the source said.

According to market sources, the prices of oxo-alcohols in the region are likely to increase in the near term because of a possibility of tight supply.

By: Samuel Wong

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