Indian Oil defers restart of Panipat PP, PE units to end Oct

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.

Meanwhile, IOC would restart its 857,000 tonne/year naphtha cracker at the same location on 24–25 October

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By: Prema Viswanathan
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