S Korea’s HC Petrochem achieves on-spec at new PX unit - sources

08 January 2013 07:46  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s HC Petrochem has achieved on-spec production at its new 800,000 tonne/year paraxylene (PX) unit at Daesan in South Korea on 8 January, market sources said on Tuesday.

The unit was restarted on 7 January, and has achieved on-spec production, according to several market players.

The company initially started the new plant during the week ended 4 January, but it was then shut due to a technical glitch, they added.

“I do not think that the plant is running at 100% capacity due to the shortage of feedstock isomer-grade mixed xylenes,” a southeast Asia-based player said.

However, the company was not immediately available for confirmation.

HC Petrochem is a 50:50 joint venture between Japan’s Cosmo Oil and South Korea’s Hyundai Oilbank and was formed at the beginning of 2010.

By: Samuel Wong

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