MOSCOW (MRC) -- Thailand’s IRPC, a PTT Plc subsidiary, has unexpectedly shut down its upstream propylene unit this morning due to an unspecified technical issue, as per CommoPlast with reference to market sources.
As a result, the company might have to lower the operation rate at the downstream polypropylene (PP) plants in the coming days.
The company owns two PP lines, with a combined capacity of 775,000 tons/year. At the time of this report, there is no confirmation on the duration of the shutdown.
In fact, in an email to its customers, the company has informed the possibility of trimming run rates at PP plant, which could affect supply for November shipment.
As MRC informed before, IRPC shut its PP plant for a two- week maintenance turnaround in H2 January 2016. Located in Rayong province of Thailand, the PP plant has a production capacity of 300,000 mt/year.
Propylene is a feedstock for the production of PP.
According to MRC's ScanPlast report, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.
PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year.