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Sumitomo Chemical to skip 2012 cracker turnaround

November 18/2011

(Reuters) -- Sumitomo Chemical Co said on Thursday it plans to skip maintenance work at
its sole naphtha cracker in 2012. A company spokesman said it has lowered the cracker's
utilisation rate to around 90 percent this month due to weakening ethylene demand in Asia. It carried out maintenance work on the cracker from Sept. 1 to early October. 

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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