09 January 2013 04:27 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Liaoyang Petrochemical, a subsidiary of state-owned oil giant PetroChina, is running its 140,000 tonne/year adipic acid (ADA) plant at around 80% of capacity since early January because of squeezed margins, a company source said Wednesday.
“We had to reduce our plant (operating) rate to 80% as the benzene prices have eroded our margins significantly,” the source said. The company was running the plant at 100% of capacity in December.
The ADA plant, which is located at Liaoyang in China’s northeastern Liaoning province, is scheduled for a turnaround in April, according to an earlier story in ICIS.
ADA is primarily used in the production of nylon 6,6 (or polyamide 6,6), as well as in the manufacturing of polyurethane (PU), which is used in the soles of shoes and in polyester resins.
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