15 August 2013 07:20 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Qisheng Industry & Trade is expected to restart its 70,000 tonne/year Group I base oils plant at Zibo in September, a company source said on Thursday.
The plant in Shandong province was taken off line for maintenance in December 2012, with the restart schedule delayed twice because of high feedstock prices and an issue with the plant’s catalyst.
The company is trying its best to restart the unit next month, when downstream demand is expected to turn robust through to November, the source said.
Shandong Qisheng typically produces 5,000-8,000 tonnes of Group I base oils a month and is the sole supplier of the material in Shandong province.
However, the company has seen its market share declined by half during the 10-month shutdown of its Zibo plant, the source said.
Shandong Qisheng mainly produces Group I N60, N150, N250 and N350 base oils grades.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections