A naphtha cracker plant operated by Showa Denko will undergo planned maintenance turnaround from the first week of March.
Speaking to fibre2fashion a company official said, “The naphtha cracker with an ethylene capacity of 695,000 tons per annum will undergo a partial shutdown from March 7 till the end of the month”.
“Two furnaces erected in 2010 and accounting for around 200,000 tons of ethylene capacity will remain shutdown during the period”, he added.
Showa Denko had earlier in January lowered the cracker utilization rate to 85-88% due to weak margins and it is further expected to reduce the run rates in the month of February.
During the period of partial shutdown, the operating capacity will further fall to 70 percent.
Fibre2fashion News Desk - India