23 March 2011 10:07 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) plans to shut its 290,000 tonne/year methanol plant in Gujarat in the middle of April for a 10-15 day turnaround, a company official said on Wednesday.
The turnaround is in line with scheduled maintenance of its utilities plant, the official added.
“[The plant shutdown] should be around 10 April, although we are not quite sure of the date yet. The whole complex will be shut down, including downstream acetic acid,” he said.
The facility is producing around 600-650 tonnes/day of methanol at the moment. The plant has two natural gas-based lines and a third fuel oil-based line with a combined capacity of 900 tonnes/day, the source said.
GNFC was keeping the fuel oil-based line at the plant idle because of high feedstock costs, the source said.Indian domestic methanol prices were heard at Indian rupees (Rs) 18.00-18.25 /kg ($401-406/tonne) (Rs18,000-18,250/tonne) ex-tank on Wednesday, stable from last week, according to ICIS data.
Methanol producers in India include Deepak Fertilizers & Petrochemicals Corp and Rashtriya Chemicals and Fertilizers (RCF).
($1 = Rs 44.92)
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