China’s CNOOC to shut Taizhou bitumen plant in May for maintenance

28 March 2013 06:59  [Source: ICIS news]

SINGAPORE (ICIS)--Chinese oil and chemical major China National Offshore Oil Corp (CNOOC) will shut its 900,000 tonne/year bitumen plant at Taizhou in Jiangsu province on 4 May for a 40-day maintenance, a company source said on Thursday.

The plant turnaround will cause the daily output of heavy traffic bitumen in east China to drop by 8.4%, or 1,500 tonnes, the source added.

However, the loss in output from CNOOC is unlikely to tighten the supply in China, because of the large output from Yangtze River Delta (YRD) and weakening demand, an industry source said.

CNOOC is one of the largest bitumen producers in China and produced 737,000 tonnes of heavy traffic bitumen in 2012.

By: Lisa Wang

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