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JX Nippon lowers capacity rates at Oita PX plant
29 Aug '12
1 min read
A paraxylene (PX) plant managed by Japan-based JX Nippon Oil and Energy is currently running at lower capacity run rates, due to supply constraints of its feedstock.
“The PX plant located in Oita is currently operating at around 70 percent capacity, due to the shutdown of our crude refinery unit on August 16”, a JX Nippon spokesperson informed fibre2fashion.
He further said that the operating rates of the PX plant will increase, once the crude refinery plant is fully brought on-stream.
When quizzed on current PX trends, he said, “Due to rise in crude oil prices, PX prices too are moving higher. Demand and supply too is going up”.
JX Nippon has a PX production capacity of 2.6 million tons per annum of which the Oita PX plant has a capacity of 420,000 tons per year.
Fibre2fashion News Desk - India
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