04 February 2013 03:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Huadian Yulin Natural Gas Chemical (Huadian Yutianhua) increased the operating rate of its 610,000 tonne/year methanol unit at Yulin in Shaanxi province to 80% of capacity at the start of February, a company official said on Monday.
The company reduced on 5 January the operating rate to 35% on the back of a persistent shortage of natural gas during winter, the source added.
Natural gas supply is usually tight during winter as most of the supply is allocated to residential areas for heating purposes.
This supply increase of methanol in the domestic market will have little impact on the methanol market, a market player said.
Usually, the company runs its 610,000 tonne/year natural gas-based methanol unit at 95% capacity. Huadian Yulin is a holding company owned by China Huadian.
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