China's Yisheng Petrochemical to restart Hainan PTA unit in end-Oct

24 October 2013 09:58  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yisheng Petrochemical expects to restart its 2m tonne/year purified terephthalic acid (PTA) unit in Hainan in southern China in end-October, a company source said on Thursday.

The unit has been kept idle since mid-September because of poor market conditions, the source said.

The PTA unit, which was started up in January 2013, has been operated intermittently during the year because of limited market consumption in southern China and insufficient feedstock paraxylene (PX) supply in the region.

The recent on-spec production at Yisheng’s 500,000 tonne/year downstream polyethylene terephthalate (PET) bottle-grade chip lines in mid-October will help digest part of the PTA production, a regional market source said.

Yisheng Petrochemical also operates PTA units in Zhejiang and Dalian provinces.

The three Ningbo PTA units, with a combined capacity of 3.5m tonne/year, are currently running at full capacity, the source said.

Yisheng’s 2.5m tonne/year Dalian No 1 PTA unit was restarted on 21 October after a month-long turnaround because of poor margins, the source said, adding that the operating rate of the unit is at around 50% of capacity.

Yisheng’s 3.3m tonne/year Dalian No 2 PTA unit has been maintained at 100% capacity, but is slated for a brief maintenance soon, he added.
By: Becky Zhang
+65 6780 4359

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