27 March 2013 06:17 [Source: ICIS news]
Correction: In the ICIS story headlined “Malaysia’s PETRONAS runs Labuan methanol unit at 70% ops” dated 27 March 2013, please read in the first paragraph … company source said on Wednesday … instead of … on Thursday … A corrected story follows.
SINGAPORE (ICIS)--Malaysia’s PETRONAS Chemicals Group (PCG) is running its 1.7m tonne/year methanol plant in Labuan at around 70% of capacity after its restart following a brief outage, a company source said on Wednesday.
It unexpectedly shut last week due to an outage and was restarted over the weekend. Earlier the plant had to be taken off line on 1 March and was restarted mid-March.
The company operates a separate 660,000 tonne/year No 1 methanol plant, which was running well, according to the source, without elaborating on the actual running rates.
Southeast Asian buyers said there was little spot supply due to this outage, but said contractual needs were being fulfilled.
Other regional methanol producers include Indonesia’s Kaltim and Brunei Methanol Co.
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