20 September 2006 04:14 [Source: ICIS news]
SINGAPORE (ICIS news)--Formosa Petrochemicals Corp (FPCC), will shut its No 1 cracker on Wednesday as scheduled for a 40-45 day turnaround, a company source said.
FPCC’s No 2 900,000 tonnes/year cracker located in Mai Liao was running normally while the new No 3 1.2 million tonnes/year cracker will be started by the first quarter of 2007, market sources said.
The impact of the No 1 cracker shutdown on the ethylene spot markets is expected to be limited as downstream vinyls and polymer plants which are integrated to the cracker will also be shut during this period, they added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|