03 December 2012 06:46 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Lanzhou Bluestar has shut down its 200,000 tonne/year methanol unit at Lanzhou in Gansu on 1 December because of lack of natural gas feedstock during winter season, a company official said on Monday.
The company shut down the methanol unit from 1 December 2012 to the beginning of spring as a result of a shortage of natural gas during peak consumption period, the sourced added.
Natural gas supply is usually tight during winter as most of the material is allocated to residential areas for heating purposes, according to the source.
This supply decrease of methanol is expected to have little impact on the domestic methanol market amid weak demand, a market player said.
Lanzhou Bluestar is a wholly owned subsidiary of China National BlueStar (Group) Co Ltd.
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