Indonesia’s Petro Oxo Nusantara firms plan to shut Gresik 2-EH unit

23 May 2014 07:30 Source:ICIS News

SINGAPORE (ICIS)--Indonesia’s PT Petro Oxo Nusantara (PON) will shut its 140,000 tonne/year 2-ethylhexanol (2-EH) plant at Gresik on 10 June, a company source said on Friday.

The company plans to replace a component in the plant and will shut it for around seven days, the source said.

The plant is operating at 100% currently, the source said. 

As a result of this shutdown, the source said that PT PON will have fewer spot cargoes for sale in both June and July.

Market participants said that this would have little impact on the key east Asia import market. However, it is possible to have an impact on the spot import market in India because the company is mostly selling cargoes there.

By Trixie Yap