22 May 2013 05:43 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand’s Integrated Refinery Petrochemical Complex (IRPC) is currently operating its aromatics plant at Rayong province at 70-75% of capacity, a company source on said Wednesday.
The unit, which can produce 100,000 tonnes/year of benzene, 70,000 tonnes/year of toluene and 140,000 tonnes/year of mixed xylenes, has been running at reduced operating rates since 2012, the source said.
“Lower run rates [are] because the premium fetched for other side-products are not as [lucrative], even though margins for aromatics products are good,” he said.
The company is still deciding whether any spot toluene cargoes will be made available for exports in June, depending on the Thailand domestic demand.
“Demand here is not bad; premiums we are fetching now [are] in double digits [on top of FOB (free on board) Rayong],” he said.
Some of the other key toluene makers in southeast Asia are the Petrochemical Corporation of Singapore (PCS) and ExxonMobil.
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