19 March 2013 02:01 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JX Nippon Oil & Energy Corp plans to maintain the operating rates at its 460,000 tonne/year cracker in Kawasaki at 95% capacity in April, unchanged from its present run rates, a company source said on Tuesday.
A weaker yen has made petrochemical exports more competitive for Japan, hence the crackers in the country are still running at high operating rates, the source said.
Meanwhile, Nippon’s plant is not suffering from high inventory levels as “the consumers next to the cracker are taking ethylene supplies consistently”, the source added.
JX has no plans to conduct cracker maintenance this year, as the cracker underwent a turnaround in 2012 and the next scheduled maintenance will be in 2016, the source said.
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