(Plastemart) -- Maruzen Petrochemical Co Ltd plans to skip scheduled maintenance on its sole naphtha cracker in 2011, with capacity to produce 480,000 tpa of ethylene, as per Reuters.
The company's Keiyo Ethylene unit also plans to skip maintenance at its cracker with capacity to produce 690,000 tpa of ethylene. Keiyo Ethylene Co is 55% owned by Maruzen Petrochemical and 22.5% owned by each Mitsui Chemicals Inc and Sumitomo Chemical Co.
(Plastemart) -- Japan's Mitsubishi Chemical Corp plans to conduct planned maintenance at its three naphtha crackers in 2011, as per Reuters.
Kashima 1, with capacity to produce 375,000 tpa of ethylene, Kashima 2, with capacity to produce 453, 000 tpa of ethylene and Mizushima with capacity to produce 450, 000 tpa of ethylene will be shut sometime in May-July.
(Platts) -- South Korea's SK Energy plans to restart its long-idled No. 1 naphtha-fed steam cracker at Ulsan on November 20, a company source said Monday. The steam cracker is able to produce 200,000 mt/year of ethylene and 140,000 mt/year of propylene.
The cracker has been shut since November 2008 due to negative margins amid a sharp decline in petrochemical demand. Despite negative ethylene margins, SK Energy has decided to restart the No. 1 cracker as margins for other olefins -- such as propylene -- are strong.
Meanwhile, SK Energy started running its No. 2 steam cracker, also located at Ulsan, at 100% from Sunday. The cracker was restarted last Thursday after a turnaround from October 1. The No. 2 cracker is able to produce 660,000 mt/year of ethylene and 360,000 mt/year of propylene.
Starting this year total volume of PVC-S supplies to Russia reached the level of 297 KT which is 166% more compared to the same period in 2009.
According to MRC analysts expectations, this year the geography of PVC-S supplies to Russia has changed. Starting from July 2010, the volumes of the American PVC-S supplies have been dynamically increasing up to the level of 115,3 KT at the end of the ten months.
The volumes of the Chinese PVC-S supplies in January-October 2010 only made up 103,6 KT having lost the leading positions. The level of the American resin exceeded 58% in the imports supplies in October.
For more detailed information about PVC market, see MRC DataScope reports.
(ICIS) -- Chemtura completed its financial restructuring and emerged from US Chapter 11 bankruptcy protection after nearly 20 months, the US specialty chemicals producer said on Wednesday.
⌠With the successful completion of our financial restructuring, we have significantly reduced our debt, improved our cost structure and resolved a considerable amount of environmental and other liabilities, said Chemtura CEO Craig Rogerson.
Chemtura filed for bankruptcy protection in March 2009 after it failed to sell two companies.
Chemtura, which describes itself as a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products, had $2.3bn (┬1.7bn) in 2009 sales.
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