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Chinas Jinzhou Petchem shuts BR plant as feedstock cost soars

February 22/2012

( --  Jinzhou Petrochemical shut its 30,000 tonnes/year butadiene rubber (BR) plant over the weekend as the companys margins are being eroded by the high cost of feedstock butadiene (BD), a source close to the company said on Monday.

The plant at Jinzhou city in northeastern Liaoning province was taken off line on 18 February, the source said.
No definite restart date was set for the plant, the source said.

Jinzhou Petrochemical is a subsidiary of Chinas state-owned oil and gas giant PetroChina.
A number of BR producers, including Chinas Shanghai Gaoqiao, South Koreas LG Chem and Korea Kumho Petrochemical (KKPC), Taiwans TSRC and Thailands BST Elastomers, have either shut or cut operating rates at their facilities because of soaring BD prices.

Author:Marina Ivanova
Category:General News
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