India’s GNFC runs 290,000 t/yr methanol unit at 60% op rate

04 October 2010 10:02  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) is currently running its 290,000 tonne/year methanol plant at around 60% of capacity after a brief outage last week, a company source said on Monday.

The plant stopped operations for four to five days due to a mechanical problem and was restarted on Friday, the source said.

The plant, in the western state of Gujarat, was producing 550 tonnes/day, against its full capacity of 900 tonnes/day, the source said.

Domestic methanol prices in India were at rupee (Rs) 13.50-13.60/kg ($305-307/tonne) ex-tank, stable from last week depending on the terms and conditions of sales, excluding countervailing duty, according to traders.

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

($1 = Rs44.27)

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By: Heng Hui
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