07 January 2013 07:40 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s China Man-Made Fiber Corp (CMMFC) has targeted to start-up its new 200,000 tonne/year ethylene glycol (EG) plant in Kaohsiung in the fourth quarter of 2013, a company source said on Monday.
The new EG plant in Dashe district produces both monoethylene glycol (MEG) and diethylene glycol (DEG), the source said.
It will receive raw material ethylene from Taiwan-based CPC Corp’s new 600,000 tonne/year No 6 cracker at Linyuan district in Kaohsiung through a pipeline, the source said.
“We have received a lot of buying enquiries for MEG from Chinese traders and polyester makers, although the start-up [date] is still far,” the source said.
Asia’s MEG supply is expected to tighten this year, because the growth of demand will outstrip the increase in supply, market sources said.
CMMFC will, meanwhile, expand its refined ethylene oxide (EO) production capacity by 60,000 tonnes/year to 100,000 tonnes/year by end-2013, the source said.
The company is currently running two 75,000 tonne/year MEG plants in Kaohsiung and a joint-venture 300,000 tonne/year MEG unit with Taiwanese producer Nan Ya Plastics at Mailiao in eastern Taiwan.
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