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Reliance to restart LDPE plant in India after maintenance shutdown

October 28/2020

MOSCOW (MRC) --  Reliance Industries (RIL) is scheduled to restart the low density polyetylene (LDPE) plant in Gujarat on 28 October following brief maintenance, according to CommoPlast.

The unit was taken off-line on 25 October 2020.

The LDPE line has an annual capacity of 400,000 tons/year.

Due to the short shutdown, there is virtually no impact on the supply, a source close to the producer informed.

As MRC reported earlier, in September 2020, RIL released a detailed plan to carve out its oil-to-chemicals business into a separate entity for a potential stake sale. As per the scheme, RILs oil-to-chemicals (O2C) assets, including its refining, petrochemicals, fuel retail (majority interest only) and bulk wholesale marketing businesses, along with its assets and liabilities, will be transferred to a new unit. The new unit will include the refining and petrochemical plants and manufacturing assets at RILs Jamnagar, Dahej, Hazira, Nagothane, Vadodara, Patalganga, Silvassa, Barabanki and Hosiarpur locations.

It will also include all assets relating to RILs ongoing refinery and petrochemical projects that are being commissioned or near completion, the company said. RIL had officially announced its proposal to transfer its oil-to-chemicals (O2C) business to a separate entity in April.

According to MRC's ScanPlast report, August estimated LDPE consumption in Russia rose to 48,460 tonnes from 43,380 tonnes a month earlier. Russian producers reduced their export LDPE shipments. Russia' estimated LDPE consumption rose to 383,500 tonnes in January-August 2020, up by 6% year on year. Despite the long outages, LDPE production increased, and imports also rose.

Reliance Industries is one of the world's largest producers of polymers. Thus, the company produces among others polypropylene, polyethylene and polyvinyl chloride.


mrcplast.com
Author:Margaret Volkova
Tags:PE, crude and gaz condensate, LDPE, petrochemistry, Reliance Industries, India, Russia.
Category:General News
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