India’s Somaiya restores Maharashtra etac plants op rate
08 August 2012 09:20 [Source: ICIS news]
MELBOURNE (ICIS)--?xml:namespace>India’s Somaiya Group has restored the operating rate at its two ethyl acetate (etac) plants in Maharashtra to full capacity following planned maintenance in July, a company source said on Wednesday.
The company’s 30,000 tonne/year unit at Mahad and 100,000 tonne/year plant at Sakarwadi have been operating at about full capacity from early this week, the source said.
The company was running its two plants at about 50% of capacity in July.
Domestic etac prices in India rose to Indian rupees (Rs) 53-55/kg ex-works (EXW) on 1 August, compared with the late July price of Rs48-51/kg EXW, driven by a 10-15% increase in the prices of feedstock ethanol in the country, said several Indian etac makers. The current ethanol prices are not immediately available.
Other etac manufacturers in India include Jubilant Life Sciences and Laxmi Organic Industries.By: Trisha Huang
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