Oct 29, 2008

RIL shuts petrochemicals plant due to demand destruction?

Reliance Industries today said it has shut down its polypropylene plant at the Jamnagar refinery complex "with the objective of improving product swing capability and increasing propylene yield."

"The shutdown is expected to last for approximately four weeks," Reliance Industries Ltd (RIL) said in a filing to the Bombay Stock Exchange.

However, all other units at the Jamnagar refinery are working at their normal throughputs, the company said.

"The rest of the units at the refinery are continuing to operate at their normal throughputs and product dispatches to customers will be unaffected through the duration of the shutdown," Reliance said.

Further, this opportunity will also be utilised to carry out other routine maintenance and turnaround activities, the company added.

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Press Trust of India / Mumbai October 28, 2008, 19:27 IST
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