India’s HPL to restart cracker; PE, PP units on 26 January

20 January 2012 07:35  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Haldia Petrochemicals Limited (HPL) is planning to restart its cracker and polymer plants in West Bengal on 26 January, sources close to the company said on Friday.

The facilities were shut early last week because of technical issues, the source said.

Company officials could not be reached for comment.

The nameplate capacity at the naphtha cracker is 670,000 tonnes/year, while the PE and PP facilities have capacities of 700,000 tonne/year and 340,000 tonne/year, respectively, the sources said.

“The linear low density polyethylene (LLDPE) market is particularly tight as a result of the outages, along with reduced operating rates at Indian Oil’s [units],” a Mumbai-based trader said.

“Polypropylene (PP) supply is likely to stay low, with Reliance Industries Limited (RIL) planning to reduce their operating rates next month as well,” a second Mumbai-based trader said.

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By: Ong Sheau Ling
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