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Nan Ya Plastics to restart its new MEG plant in Texas

April 20/2021
MOSCOW (MRC) -- The restart of Formosa's ethylene cracker in Point Comfort, Texas, USA, completed the week of April 5, is expected to allow Nan Ya Plastics, Formosa's sister company, to restart its new monoethylene glycol (MEG) unit at the same site, reported S&P Global with reference to sources, familiar with the plant's operations.

This plant with the capacity of 800,000 mt/year of MEG was shut im mid-February because of deep freeze in the region.

Meanwhile, Nan Ya Plastic's smaller 370,000 mt/year MEG plant is expected to remain shut until mid-summer, said sources familiar with its operations.

As MRC reported earlier, the mew MEG plant's start-up was pushe 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 increased in February 2021 to about 57,760 tonnes, up by 7% year on year. Overall PET consumption in Russia totalled 115,210 tonnes in the two months of 2021.

Nan Ya's 800,000 mt/year monoethylene glycol (MEG) plant in Texas is expected to come online by late 2020 or early 2021 rather than the third quarter of 2020, reported S&P Global with reference to a source familiar with company operations.

mrcplast.com
Author:Margaret Volkova
Tags:monoethylene glycol (MEG), PET-granulate, ethylene, packaging, Formosa, Nan Ya Plastics, Russia, USA.
Category:General News
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