08 February 2013 07:29 [Source: ICIS news]
SINGAPORE (ICIS)--Brunei Methanol Co (BMC) shut its 850,000 tonne/year methanol plant at Sungai Liang Industrial Park on 7 February because of feedstock issues, a company source said on Friday.
The company is trying to restart the plant by the weekend of 9-10 February, according to the source.
The shutdown is not expected to have a significant impact on the market, because of its short duration. Furthermore, many market participants are out of the market for the Lunar New Year holiday.
The company is a joint venture between Japan’s Mitsubishi Gas Chemical (MGC), Japan’s ITOCHU, and state-owned Petroleum Brunei.
MGC holds a 50% stake in BMC, while the other 50% share is held equally by ITOCHU and Petroleum Brunei.
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