Indorama Petrochem curbs PTA production on PX undersupply

Indorama Petrochem Ltd, part of the Indorama Group, has reportedly curtailed production capacity of purified terephthalic acid (PTA) by 5% due to dearth of paraxylene (PX) supply from one of its leading PX suppliers, Thai Paraxylene. Thai Paraxylene has cut 30% production capacity at its 490,000 mtpa PX unit since start of 2009. As per the sources close to the company, Indorama is sourcing close to 5000 tons of PX for March-loading from spot market as it faces a shortage in PX supply from Thai Paraxylene. Indorama Petrochem manufactures PTA at the Asia Industrial Estate, in the Map-ta-phut petrochemical hub in Rayong, Thailand which has a maximum operational capacity of 700,000 mtpa. It sources PX from reputable manufacturers and suppliers including Exxon Mobil Asia Pacific, Thai Paraxylene, Aromatics Thailand and Petronas.
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