India’s GSFC delays start-up of new methanol plant to Jan 2013

11 October 2012 04:45  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Gujarat State Fertilizers & Chemicals (GSFC) will delay the start-up of its 165,000 tonne/year methanol plant in Gujarat to January 2013, because of the late arrival of equipment, a company source said on Thursday.

The start-up date of the new methanol plant was revised several times since last year because of the same reason, according to the source. 

The plant, which will produce around 550 tonnes of methanol daily, will be integrated with GSFC’s petrochemical complex in Gujarat once it is completed, the source added.

The prices of methanol in India were heard at around Indian rupees (Rs) 18.50/kg ($349/tonne) ex-tank on Wednesday, according to ICIS data.

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

($1 = Rs53.06)

By: Heng Hui
+65 6780 4359

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