Hoechst restarts unit, ups prices
Hoechst global basic chemicals is the second company to raise methanol prices as a result of strong demand and high methane prices. The company has nominated an increase of 7 cts/gal, effective January 15, which would raise the Gulf Coast posting price to 64 cts/lb fob. Selling prices for formaldehyde, 100% basis, will increase by 1 ct/lb. Methyl Formcel selling prices will increase by 1 ct/lb and butyl Formcel prices by 0.5 ct/lb. Methanex raised its posting price from 57 cts/gal to 68 cts/gal, effective January 1. Plant outages have contributed to the rising prices. Hoechst says it will restart its 200-million gal/year unit at Clear Lake, TX by late February. The unit was damaged on December 3 when an explosion occurred in the plant`s exhaust gas area (CW, Dec. 11, 1996, p. 14). The investigation indicates that no significant damage occurred in the process area or other critical parts of the unit. Separately, Lyondell and MCN Investment (Detroit) have formed a partnership to own and operate Lyondell`s 248-million gal/year methanol plant in Channelview, TX. MCN will acquire a 25% interest in the plant for an undisclosed amount. Lyondell will retain 75%, serve as managing partner and operator, and continue to buy feedstocks and sell methanol. In addition, MCN will supply up to 40 million cu ft/day of natural gas.
- OSTI ID:
- 539904
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 1 Vol. 159; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
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