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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections