31 January 2013 11:03 [Source: ICIS news]
SINGAPORE (ICIS)--Iran’s Fanavaran Petrochemical has ramped up operating rates at its 150,000 tonne/year acetic acid plant at Bandar Imam as supply of feedstock methanol and gas supply improved, a source close to the company said on Thursday.
“Operating rates at the acetic acid plant recovered to 80-85% capacity early last week,” the source said.
The plant was previously running at 40-45% of capacity since December because of feedstock shortage, the source said.
Meanwhile, the company issued a tender to sell a 3,000-4,000-tonnes acetic acid cargo for loading in February. The tender is expected to close on 2 February.
The company last sold a similar-sized cargo for loading on 10-15 January to India, on a formula basis with discounts.
Major acetic acid producers in Asia include BP, Celanese, Japan’s Daicel Chemical Industries, China’s Jiangsu Sopo, Shanghai Wujing, Yankuang Cathay Coal Chemicals, Taiwan’s Chang Chun Petrochemical and Saudi Arabia’s International Acetyl Co.
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