30 May 2013 02:27 [Source: ICIS news]
CHONGQING (ICIS)--Taiwan’s Dairen Chemical Corporation may run its new 350,000 tonne/year vinyl acetate monomer (VAM) plant on Jurong Island, Singapore, at below 100% capacity depending on the market situation, a company source said late on Wednesday.
The plant was started up around mid May with on-spec production expected by the end of the month.
“We may not run at 100% depending on the market situation,” the source said at the sidelines of the 6th 2013 CBI China VAM-PVA (also PVOH) & Derivatives Forum.
The company’s target exports markets include Southeast Asia, India, Pakistan, Middle East, Turkey and Europe but not China, the source added.
In China, supply from domestic production capacity is growing faster than the demand growth, local market observers said.
Dairen Chemical Corporation (DCC) is a joint venture between Chang Chun Group (Chang Chun Petrochemical and Chang Chun Plastics) and Nan Pao Resins.
The company operates two other VAM plants in Mailiao, Taiwan with a combined production capacity of 650,000 tonnes/year.
The four-day VAM-PVA & Derivatives Forum ends on 30 May.
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