India’s GNFC restarts methanol line post revamp

04 August 2008 09:48  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) restarted its bigger methanol line on 25 July after a revamp, bringing its current production to 700 tonnes/day, it said.

Due to a shortage of synthetic gas feedstock from a new ammonia plant, the existing methanol production was limited to around 700 tonnes/day, while the company had the capacity to produce nearly 900 tonnes/day, the source added late on Friday.

This gas shortage was expected to be resolved around 4-5 August, he said, adding that the plant would be able to produce around 825 tonnes/day after that.

Indian methanol prices were pegged at $360-370/tonne CFR (cost and freight) west coast India (WC India) last Friday, according to global chemical market intelligence service ICIS pricing.

Domestic methanol was at rupees (Rs) 18.25-18.75/kg ($0.43-0.44/kg) ex-tank, down approximately Rs0.75/kg from the week before.

Other methanol producers in India include Deepak Fertilizers and Rashtriya Chemicals and Fertilizers (RCF).

($1 = Rs42.27)

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By: Heng Hui
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