India’s GNFC to shut methanol plant on 19 May for 20-day turnaround

17 May 2012 12:40  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Gujarat Narmadas Valley Fertilizers Co (GNFC) will shut its 290,000 tonne/year natural gas-based methanol plant for 20 days from 19 May for an annual turnaround, a company source said on Thursday.

Indian domestic methanol prices were assessed at Indian rupee (Rs) 26,000-26,500/tonne ($477-486/tonne) ex-tank on Thursday, largely stable from 16 May, according to ICIS data.

Methanol producers in India include Deepak Fertilisers and Petrochemicals and Rashtriya Chemicals and Fertilizers.

($1 = Rs54.51)

By: Heng Hui
+65 6780 4359

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