06 October 2013 11:28 [Source: ICIS news]
BERLIN (ICIS)--The European market may have to look to the US for toluene imports as two downstream toluene di-isocyanate (TDI) plants are expected to come online in the next two years, said one aromatics supplier on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting on Sunday.Bayer MaterialScience's 300,000 tonne/year world-scale toluene di-isocyanate (TDI) plant at Dormagen near Cologne is on track for start-up in the second half of 2014, while BASF’s 300,000 tonne/year TDI project at its?xml:namespace>
The two plants will pull feedstock from the European toluene market, which has seen steady but lacklustre demand this year, especially from blenders according to trade sources.
Meanwhile, toluene demand in the US has also been thin for much of the year as well, while supply has been mostly readily available.
However, the US is also a net importer of aromatics.
The EPCA meeting runs from 5-9 October.
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