India's Reliance temporarily runs new PP plant at full rates

24 November 2009 10:48  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Reliance Industries has temporarily increased operating rates at its new 900,000 tonne/year polypropylene (PP) plant at Jamnagar in Gujurat to 100%, but will reduce them again on Thursday, a source close to the company said on Tuesday.

"We were forced to reduce the rates last weekend to 70% due to upstream issues at the fluid catalytic cracking (FCC) unit," the source said.

The company would run the plant at 70% from Thursday for a couple of days due to a shortage of feedstock propylene from the FCC unit, the source said.

The 200,000 bbl/day FCC unit, which provides feedstock to the PP unit, had been facing technical problems, the source added.

Sentiment in the Indian PP market was bolstered by the news of reduced production at the plant and the shutdown at Haldia Petrochemicals’ PP plant in West Bengal.

Offers of PP were up $15/tonne (€11/tonne) from Friday’s levels at $1,175/tonne CFR (cost and freight) India, traders said.

($1 = €0.67)

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By: Prema Viswanathan
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