India's Haldia Petchem runs PE, PP units at 30% on feedstock issue

23 November 2012 06:55  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Haldia Petrochemicals Ltd (HPL) is running both its polyethylene (PE) and polypropylene (PP) plants in Haldia, West Bengal, at 30% of capacity because of a lack of naphtha feedstock, market sources said on Friday.

The company operates a 670,000 tonne/year cracker; a 370,000 tonne/year high density PE (HDPE)/linear low density PE (LLDPE) swing plant and a stand-alone 330,000 tonne/year HDPE facility, and a 340,000 tonne/year PP plant.

HPL has been facing financial difficulties, which resulted in them being unable to purchase naphtha to produce polyolefins, the sources said.

It remains unclear how long reduced operations will continue, they added.

Company officials could not be immediately reached for comment.

Author: Ong Sheau Ling

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