Emergency shutdown at China's Ningbo Fund PP plant

According to market sources, Fude (Ningbo) Energy & Chemical Co Ltd (Fund Energy) has unexpectedly shut its PP unit after experienced technical glitches on 6pm yesterday and failed to restart.

Based in Ningbo, China, the company has a 1.8 million tons/year MTO unit and a 400,000 tons/year PP unit. The PP unit has shut since yesterday, expected to be resume by next Monday, meanwhile the production rate of MTO unit has been reduced to 80%.