22 October 2010 08:32 [Source: ICIS news]
SINGAPORE (ICIS)--State-owned Indian Oil Corp (IOC) has delayed the restart of its 600,000 tonne/year polypropylene (PP) and 650,000 tonne/year polyethylene (PE) plants at Panipat to the end of October, a company source said on Friday.
The company had earlier planned to restart the plants in mid-October after shutting them down on 1 October for maintenance.
“There are some teething issues, which need to be resolved, hence the decision to extend the turnaround,” said the source.
The extension of the shutdown has aggravated the tight supply of polyolefins – and especially that of PP – in the Indian market, traders said.
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|