18 December 2012 02:30 [Source: ICIS news]
MELBOURNE (ICIS)--South Korea’s Kumho P&B Chemicals plans to cap its phenol/acetone plant operating rates at 70-80% capacity in January next year because of poor market conditions, a company source said on Tuesday.
The producer has capped the output at its No 2 and No 3 phenol/acetone units in Yeosu at 70-80% capacity since 1 November because of the severe margin erosion caused by persistently high feedstock benzene costs and comparatively weak phenol prices.
The company’s No 2 phenol/acetone plant has a nameplate capacity of 130,000 tonnes/year of phenol and 80,000 tonnes/year of acetone, while its No 3 phenol/acetone plant can produce 250,000 tonnes/year of phenol and 150,000 tonnes/year of acetone.
The South Korean producer’s No 1 phenol/acetone plant has been idle since early 2009.
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