India’s GNFC methanol unit to reach normal ops of 60-70% by Sat

01 June 2012 09:57  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Gujarat Narmadas Valley Fertilizers Co (GNFC)’s 290,000 tonne/year natural gas-based methanol plant will run at 60-70% of capacity to produce 600-650 tonnes/day of methanol by 2 June, a company source said on Friday.

It was shut for 20 days from 19 May for an annual turnaround, the source said.

The plant has two natural gas-based lines and a third fuel oil-based line with a combined capacity of 900 tonnes/day.

GNFC is keeping the fuel oil-based line at the plant idle because of high feedstock costs, explaining lower operating rates, the source added.

Indian domestic methanol prices were assessed at Indian rupee (Rs) 27,500-28,000 ($492-500/tonne) ex-tank on Friday, marking an increase of Rs1,000/tonne from last week because of tight supply, according to ICIS data.

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

($1 = Rs55.94)

By: Heng Hui
+65 6780 4359

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