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
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.