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Nan Ya Plastics to restart its new MEG plant in Texas soon

June 29/2021

MOSCOW (MRC) -- Nan Ya Plastics, Formosa's sister company, intends to resume production at the new monoethylene glycol (MEG) plant in Point Comfort, Texas, USA, in the near future, reported S&P Global with reference to sources familiar with Nan Ya's operations.

The company shut its 800,000 mt/year MEG plant at the Point Comfort site when Formosa shut the cracker, the largest of three at the complex, on a lack of sufficient ethylene feedstock.

At the same time, Nan Ya's smaller 370,000 mt/year MEG unit at Point Comfort had already been shut for a lengthy turnaround, but the Formosa cracker shutdown delayed its restart as well.

The MEG plants were slated to resume operations once Formosa ramps up the cracker, a source said.

A second source said that while there was not a huge amount of merchant ethylene available, there is enough that Formosa could have supplied the MEG plants with feedstock during the outage, had they been so inclined.

Nan Ya did not respond to a request for comment.

As MRC informed earlier, the mew MEG plant's start-up was push back to early 2021 from H1 2020 on coronavirus pandemic-related concerns to ensure worker safety and social distancing.

MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).

According to MRC's ScanPlast report, Russia's estimated PET consumption grew to 263,660 tonnes in the first four months in 2021, up by 13% year of year. Bottle grade PET accounted for 78.3% of the increase in consumption due to the virtual absence of exports and higher imports.
Author:Margaret Volkova
Tags:monoethylene glycol (MEG), PET-granulate, ethylene, packaging, Formosa, Nan Ya Plastics, USA.
Category:General News
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