27 March 2013 09:10 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabian major Saudi International Petrochemical Company (Sipchem) could delay the start-up of its ethyl acetate (etac)/butyl acetate (butac) facility in Jubail by a month, a source close to the company said on Wednesday.
A delay in the completion of water and electrical connection has pushed the new 100,000 tonne/year etac/butac facility’s start-up date to mid-May, according to the source.
However, company officials from Sipchem could not be reached for confirmation.
The facility at Jubail Industrial City in Saudi Arabia was previously scheduled to come on stream on 15 April.
“The delay in the plant’s start-up would mean that finished product would be available in the market only in early June,” the source said.
Consequently, regional importers who had initially put off sourcing etac imports from China and India in April were heard looking to cover their short-term requirements.
Two deals were heard done during the week for two Indian cargoes of 1,000 tonnes each at $925/tonne (€722/tonne) FOB India for shipment in early April.
The freight from India to the Middle East is estimated at $50/tonne.
($1 = €0.78)
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