15 July 2016

Matix Fertilisers and Chemicals Limited facing slow start

Matix Fertilisers and Chemicals Limited, promoted by Kanodia family of the Datamatics Group, facing a slow start due to partial availability of gas from Essar Oil Ltd's Raniganj field.

Essar Oil Ltd. has commenced supply of CBM, presently at around 200,000 scmd, for pre-commissioning activities to Matix Fertilisers.

The stranded Rs 6000 crore Marix Fertilizers that is wholly dependent on the scaling up of CBM production from Essar Oil, is the world’s largest single stream 1.3 MTPA urea plant and the first designed for CBM as the feedstock. 

The plant needs 2.4 mmscmd of gas but Essar will be able to ramp up production to 2 mmscmd only by March, 2017. Further the unit can go into full production only by mid 2017-18 when output will be ramped up further from the CBM field.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.

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