South Koreas Hanwha Chemical restarted its 80,000 mt/year phthalic anhydride plant at Ulsan on Wednesday after it was shut unexpectedly on December 22 due to a mechanical problem, 74-79-3 a company source said Thursday. 1309-37-1
Hanwha is currently operating the plant at a 20% production rate after Wednesdays restart.
The plant was initially expected to operate at its full nameplate capacity from mid-December onwards after it was shut between October 23-November 19 for scheduled maintenance.
President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserves policy-setting board of governors.
The White Houses pick of candidates, who have Democratic and Republican credentials respectively, may help speed their nomination through Congress amid a sluggish economic recovery that has failed to put a major dent in the unemployment rate, now at 8.6 percent.
While neither has laid out detailed views on monetary policy, 1314-13-2 Stein wrote a paper earlier this year suggesting he would back the Feds unconventional efforts to keep down long-term borrowing costs, which have been controversial in Washington. The Fed for over three years has adopted an array of radical measures to keep interest rates low and spur recovery.
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