India’s GNFC may shut acetic acid unit on ammonia facility woes
12 February 2010 06:48 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) may shut its 150,000 tonne/year acetic acid plant in Bharuch, Gujarat in the near term, citing problems at its upstream ammonia facility, a company official said on Friday.
The company’s ammonia production was disrupted early Wednesday due to an explosion and a fire at its fertilizer plant, GNFC said in a filing to the Bombay Stock Exchange.
GNFC would make a decision on the shutdown of the acetic acid plant next week, the company official said. The plant has a nameplate capacity of 100,000 tonnes/year but it can produce up to 150,000 tonnes/year of acetic acid.
“We are running at full load currently but we will make a decision on Monday or Tuesday whether we should stop the plant,” he said.
Another option was to just keep the plant running until a planned annual turnaround in March/April, the source said.
Indian domestic acetic acid prices rose this week to rupee (Rs) 26-27/kg ($561.19-582.76/tonne) ex-tank, up Rs5/kg week-on-week amid market speculation and buyers stocking up on expectations of supply shortages.
Offers of import cargoes for February/March delivery emerged at $440-450/tonne CFR (cost and freight)
($1 = Rs46.33)
To discuss issues facing the chemical industry go to ICIS connect
By: Helen Lee
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 01 Jun 10 11:32 Corrected: India’s GNFC plans expansion of TDI capacity
- 07 Apr 10 11:35 India’s GNFC runs acetic acid plant at 100% after turnaround
- 01 Mar 10 10:45 India’s GNFC brings forward acetic acid plant turnaround
- 23 Feb 10 05:08 Chinese domestic acetic acid prices jump 4.2% on tight supply
- 18 Feb 10 10:51 Gujarat Narmada to run acetic acid plant at full rate in Feb
- 18 Feb 10 09:13 Iran’s Fanavaran acetic acid plant restarts after 3-week outage
- 01 Feb 10 08:40 India’s NCPL to complete TDI plant expansion by Q2/Q3 2011
- 14 Jan 10 07:59 India’s Deepak Fertilizers restarts methanol facility
- 04 Jan 10 09:37 India’s Deepak Fertilizers to restart methanol plant next week
- 30 Oct 09 10:21 Taiwan’s FBPC eyes acetic acid turnaround in Q1 2010
- 08 Oct 09 10:00 India’s GNFC runs 290,000 tonne/year methanol unit at 70%
Latest News
- 19 Jun 13 16:14 Qatar’s Tasweeq awards its August Al Shaheen tender
- 19 Jun 13 16:12 Brazil Petrobras, China Sinopec to study joint venture refinery
- 19 Jun 13 16:10 Crude futures little changed on unexpected stock build in the US
- 19 Jun 13 15:47 EU March acetone exports, imports rise year on year
- 19 Jun 13 15:40 Belarus chemicals production largely down in January to May period