S Korea's Sam Nam shuts No 3 QTA unit for a turnaround

25 October 2013 09:17  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Sam Nam Petrochemical shut its 550,000 tonne/year No 3 qualified terephthalic acid (QTA) plant in Yeosu on 22 October for a turnaround, a company source said on Friday.

The turnaround is expected to last until mid-November, the source said.

Negative margins and poor purified terephthalic acid (PTA) demand are also part of the reasons for the shutdown, he added.

Sam Nam’s 350,000 tonne/year No 1 QTA unit at the same site has been kept idle since November 2012 because of squeezed margins.

The company’s 350,000 tonne/year No 2 PTA unit and 550,000 tonne/year No 4 QTA unit at the same site are running at full capacity, the source said.

Sam Nam is a joint venture between Japanese producer Mitsubishi Chemical and South Korea’s Samyang Petrochemical and GS-Caltex Oil.
By: Becky Zhang
+65 6780 4359

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