04 September 2013 10:06 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s PETRONAS Chemicals Group (PCG) will keep its 1.7m tonne/year No 2 methanol plant in Labuan shut until the end of September because of equipment issues, a company source said on Wednesday.
The plant was taken off line on 15 July for maintenance and was supposed to be restarted in end-July.
PCG’s 660,000 tonne/year No 1 methanol unit at the same site continues to operate, with its output supplying to southeast Asian customers, the source said.
Many market participants expect prices in the region to go up because of snug supply.
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