09 May 2013 03:22 [Source: ICIS news]
TAIPEI (ICIS)--Taiwan’s China Man-Made Fiber Corp (CMMFC) aims to start up its new ethylene glycol (EG) plant in Kaohsiung in the fourth quarter of 2013, a company source said on Thursday.
The EG plant, with a nameplate capacity of 200,000 tonnes/year, can produce 220,000 tonnes/year of monoethylene glycol (MEG) and 20,000 tonnes/year of by-product diethylene glycol (DEG), the source said at the sidelines of the Asia Petrochemical Industry Conference (APIC).
It will source raw material ethylene from Taiwan-based CPC Corp’s new 600,000 tonne/year No 6 cracker at Linyuan district in Kaohsiung through a pipeline, the source said.
CPC Corp’s No 6 cracker has recently delayed its start-up to the third quarter of this year because of environmental issues.
“We have almost sold out our new MEG via tentative supply agreement with several end-users and traders,” the source said, adding that the company will keep around 20% of the output for spot sales.
Most of the quantities will be exported to China because of rapid downstream polyester capacity expansion in the country, he added.
CMMFC is currently running two 75,000 tonne/year bio-MEG plants in Kaohsiung and a joint-venture 360,000 tonne/year MEG unit with Taiwanese producer Nan Ya Plastics at Mailiao in eastern Taiwan.
The APIC is being held in Taipei on 9-10 May.
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