MOSCOW (MRC) -- China's Hengli Petrochemical has shut its No. 3 purified terephthalic acid (PTA) production unit on Feb 19, company sources told TPS.
The unit was shut unexpectedly due to an air compressor failure, according to a company source.
"This cut in our operations will affect our consumption of paraxylene (PX)," the source added.
Hengli operates three units in Dalian that have an annual production capacity of 2.2 million mt/year each. The two remaining units are currently running at 100%.
"We do not expect a disruption in PTA supplies to our customers, as we have inventory," the source added.
The source was unable to estimate how long repairs will take.
We remind that, as MRC wrote previously, in December 2015, Hengli Petrochemical's 74 billion yuan refining and petrochemical complex started construction in Changxing Island Industrial Zone, Dalian, Liaoning Province, marking the first private company entering the oil refining industry. The project locates in petrochemical industrial park of Changxing Island and is near the company's PTA plant. The project includes 4.5 mln tpa aromatics complex and 20 mln tpa refining and petrochemical facility.
PTA is feedstock which is used in production of polyethylene terephthalate (PET).
Hengli is the second-largest PTA producer in China.
MRC