23 November 2012 06:41 [Source: ICIS news]
SINGAPORE (ICIS)--State-owned Indian Oil is operating its cracker and polyolefins units in Panipat at a reduced rate of 80% in November, a company source said on Friday.
The company has a 857,000 tonne/year naphtha cracker, a 350,000 tonne/year high density polyethylene/linear low density polyethylene (HDPE/LLDPE) swing plant, a 300,000 tonne/year HDPE facility and a 600,000 tonne/year polypropylene (PP) unit, according to the source.
Poor market conditions in November have forced Indian Oil to further reduce their operating rates from just under 100% in October, the source said
“We will ramp up back to full tilt when the market condition improves,” the source added.
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