24 June 2013 10:53 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s PETRONAS Chemicals Group (PCG) is running its 1.7m tonne/year No 2 methanol plant in Labuan at around 50% of capacity after the unit was restarted on 19 June following an outage, a company source said on Monday.
The company’s two methanol plants at the site had to shut early in the week of 10 June because of technical issues, the source said.
Its 660,000 tonne/year No 1 plant has remained down and is expected to resume production this week, the source said.
Asia’s spot methanol availability is tight as PETRONAS is a major supplier in the region, market sources said.
PETRONAS Chemicals plans to conduct maintenance at the two methanol plants in the third quarter, but has yet to decide on the specific schedule and duration of the shutdown, the source said.
Other regional methanol producers include Indonesia’s Kaltim and Brunei Methanol Co.
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