11 April 2013 08:08 [Source: ICIS news]
SINGAPORE (ICIS)--PetroChina’s subsidiary Liaohe Petrochemical will reduce its bitumen output by 33% to 4,200 tonnes/day from 15 April onwards, when it conducts a month-long maintenance for its 1m tonne/year viscosity breaking unit, a company source said on Thursday.
Its bitumen output for April will drop to 130,000-140,000 tonnes, because of the maintenance shutdown, the source added.
The northeast China-based company produced around 157,600 tonnes of bitumen in March.
The output loss from Liaohe Petrochemical will help ease the oversupply in northeast China, where the winter demand for stockpiling purposes has started weakening, an industry source said.
Furthermore, end-user demand has remained weak, as the weather is still unsuitable for paving bitumen on the roads, the industry source said.
Liaohe Petrochemical has 5.5m tonnes/year of crude refining capacity and 1.6m tonnes/year of bitumen production capacity.
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