SINGAPORE (ICIS)--Indian Oil Corp (IOC) has restarted its 300,000 tonne/year monoethylene glycol (MEG) plant at Panipat in Haryana state after it was shut for 5-6 days due to an interruption in oxygen supply, a company source said on Wednesday.
Maintenance at the plant supplying oxygen was the cause of the supply interruption, the source said.
The tighter supply in purified terephthalic acid (PTA) in India in recent weeks had capped operating rates at polycondensation plants, which uses MEG and PTA as feedstocks, at about 60%.
The source said that the supply tightness of PTA would be alleviated in the second-half of April when PTA plants restart after the turnarounds and MEG prices are likely to rise with improved demand.
India's IOC restarts MEG plant after oxygen supply interruption
09 April 2014 11:20 Source:ICIS News