29 March 2013 08:06 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Sam Nam Petrochemical is in the process of shutting down its No 2 purified terephthalic acid (PTA) unit as well as the firm’s No 3 and No 4 qualified terephthalic acid (QTA) units in Yeosu for planned maintenance, a company source said on Friday.
The turnaround schedule of the three units will coincide with the power system maintenance of the industrial park that they are sited in.
The 350,000 tonne/year No 2 PTA unit will be shut until 17 April, while the 550,000 tonne/year No 3 and 550,000 tonne/year No 4 QTA units will be taken off line over the period from end-March to 10-11 April, the source added.
The company has boosted its inventories prior to the shutdown to ensure adequate supplies for its domestic customers, according to the source.
Sam Nam’s 350,000 tonne/year No 1 QTA unit at the same site has been idle since 12 November 2012 because of poor margins.
Sam Nam is a joint venture between Japan’s Mitsubishi Chemical (40%) and South Korean companies Samyang Petrochemical (40%) and GS-Caltex Oil (20%).
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