28 May 2013 08:22 [Source: ICIS news]
MELBOURNE (ICIS)--China’s Zhongneng Petrochemical has postponed the start-up of its new methyl isobutyl ketone (MIBK) plant in Maoming, Guangdong province, because of unfavourable market conditions, a company source said on Tuesday.
Zhongneng’s plant, which consists of two 15,000 tonne/year MIBK lines, is the first MIBK plant to be built in south China.
The plant is mechanically complete.
However, the company has decided to postpone the trial run of the plant to January 2014 from May/ June 2013 because of high feedstock acetone costs and weak margins from producing MIBK, the source said.
Zhongneng’s initial plan was to undertake trial runs from mid-2013, which would enable commercial operations to begin around October 2013, the source said.
Existing MIBK makers in China include Zhenjiang LCY, Ningbo Zhenyang, Jilin Petrochemical, Zhejiang Xinhua and Taizhou Petrochemical.
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