15 February 2013 03:01 [Source: ICIS news]
The plant, which has a phenol nameplate capacity of 300,000 tonnes/year and an acetone nameplate capacity of 180,000 tonnes/year, is currently running at 60% capacity, the source said.
LG Chem is ramping up production at the new phenol/acetone facility and is targeting full operation in March, the source added.
The start-up of the new plant is anticipated to exert downward pressure on spot phenol prices in Asia, market sources said.
Phenol was traded at $1,500-1,600/tonne CFR (cost & freight) China amid subdued buying interest and sluggish demand on 8 February, according to ICIS data.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections