SINGAPORE (ICIS)--Isu Chemical and Dong Ming Petrochemical have yet to start exporting methyl ethyl ketone (MEK) from their joint venture plant in China’s Shandong province, a source close to the companies said on Thursday.
The 40,000 tonne/year plant started commercial operations in December last year and has been running at 70% of capacity, the source said in Mandarin.
The Shandong MEK unit – which is a 60:40 joint venture between Chinese Dong Ming Petrochemical and South Korean Isu Chemical – has so far been serving the domestic Chinese market, the source said.
“There has been no exports from the plant. We are waiting for instructions to commence exports,” the source said.
Around 60% of plant’s output is expected to be exported to South Korea, with the remainder to be sold in the Chinese domestic market.
MEK acts as a low-boiling solvent for nitrocellulose, acrylic and vinyl surface coatings, with over half of global demand coming from the paints and coatings industry.