Thailand's IRPC Pcl plans to shut all of its plants for major maintenance for 40 days from mid-November to late December, as per Reuters. The company operates Southeast Asia's biggest integrated petrochemical complex, and schedules a major shutdown for maintenance every three years. The petrochem major plans gradual shut down of each of its plants by restarting operations at one to offset loss of production at the closed ones. Also, no major impact is expected on sales due to sufficient stockpiling by IRPC.
The plan that will effectively lead to an actual shutdown of 30 days, will reduce Q4 refining output to an average of 140,000 bpd, down by 30,000 bpd from normal output levels for the October-December period, and down from 160,000-170,000 bpd in Q3. The petrochemical complex has an annual capacity of about 924,000 tons.