Tight margin forced China's Xingxing to shut MTO production
Tight margin forced China's Xingxing to shut MTO production
China’s Zhejiang Xingxing New Material has officially announced force majeure on its methanol-to-olefin (MTO) plant due to profit margin issues with recent surge of methanol prices.
Based in Zhejiang, China, the MTO plant has a production capacity of 690,000 tons/year. It has been shut since 21 November 2017 and restart schedule could not be ascertained.