Reliance set to achieve full output at Hazira PVC

17 December 2007 09:02  [Source: ICIS news]

SINGAPORE (ICIS news)--Reliance Industries expects to achieve full production at its 325,000 tonne/year polyvinyl chloride (PVC) plant at Hazira in Gujarat by Wednesday, after a delayed restart on Sunday, a source close to the company said.

No reasons were given for the delay in restarting the plant. The plant was shut down on 28 November to install new equipment.

The fire-damaged 190,000 tonne/year vinyl chloride monomer (VCM) plant at Gandhar, run by Reliance subsidiary Indian Petrochemical Corp (IPCL), achieved 100% output yesterday, the source added.

The VCM plant had been running at 50% for a week, after being restarted on 9 December, following a week-long outage.

The VCM outage hit production at the adjoining 245,000 tonne/year PVC plant, also run by IPCL, but the plant restarted early last week using imported VCM.

“Around 18,000-20,000 tonnes of PVC is estimated to have been lost due to the two shutdowns,” the source said.

The two shutdowns have tightened availability of PVC in the country, boosting local PVC prices.

PVC prices into India were at $1,020-1,035/tonne CFR (cost and freight) last Friday, up $60/tonne from a month earlier, according to global chemical market intelligence service ICIS pricing.

Major PVC producers in India besides Reliance, include Finolex Industries and Chemplast Sanmar.

By: Prema Viswanathan
+65 6780 4359

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