Petrochemical players in Chennai shut operations

09-Dec-15

Chennai Petroleum, Manali Petro, Tamilnadu Petro & Kothari Petro facilities have shut operations due to heavy rains and flooding, as per www.business standard.com. After shutting down the Chennai refinery due to rains, Chennai Petroleum Corporation Ltd -- an IOC company, decided to shut Cauvery Basin Refinery at Nagapattinam since December 06. The company has informed the BSE due to heavy rains and water-logging on the refinery premises, the Manali Refinery of CPCL was shutdown effective December 2, 2015 and the Cauvery Basin Refinery at Nagapattinam was shutdown effective December 6, 2015 night. Manali Petrochemicals Limited and Kothari Petrochemicals have informed the exchange that operations of the company's plants have affected due to heavy rains. Manali Petro informed both the plants of the company remain affected since December 2, 2015 due to flood and the resultant power disruptions. The plant operations are expected to recommence shortly in a phased manner subject to resumption of normalcy in power supply, material movements and others. MPL produces and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The company operates two grassroot production facilities at Manali to manufacture propylene oxide (PO), propylene glycol (PG) and polyols. It markets its polyols with isocyanates sourced indigenously as well as imported from Japan and China and the pre-polymers produced at MPL in meeting the demand of polyurethane industry in India. Kothari Petrochemicals Limited informed that the operations at the company's factory located at Manali industrial area, Manali, Chennai, has been disrupted due to flooding of the factory premises caused by incessant rains. The factory has been shut down since mid-night of December 2, 2015. Due to heavy water-logging and continuous rain the damage could not be ascertained as of now. The factory is adequately covered by insurance. Necessary steps are being taken to restore normalcy, said the company Tamilnadu Petroproducts Ltd also said its plant at Manali continues to remain shut. The plant operations remain suspended from December 2 due to inundation and the consequent power failure. The company said situation is being assessed and information on restart of the operations will be furnished in due course. Company's Linear Alkyl Benzene (LAB) facility is located at Manali in North Chennai