NewsFlashFormosa starts C3 feed into new PP plant

07 April 2008 10:35  [Source: ICIS news]

SINGAPORE (ICIS news)--Formosa Plastics was heard to have started feeding feedstock propylene into its new 450,000 tonne/year polypropylene (PP) plant in Ningbo on Sunday, sources close to the company said on Monday.

  

"It would take one or two days to produce on-spec products," said one of the sources in Mandarin.

 

The company had obtained governmental approval to receive propylene feedstock at its Ningbo port terminal, with the first refrigerated propylene cargo heard arriving today for discharge into its large storage tanks, a second source said.

 

The start-up of the plant in China’s eastern province of Zhejiang, originally scheduled for the end of 2006, has been pushed back numerous times on construction delays due to the Chinese New Year holidays, difficulties in obtaining production licenses and problems in obtaining licences at the port terminal.

 

The successful start-up of Formosa’s Ningbo PP plant would tighten propylene supply in the market, said traders.

 

The company’s propylene inventories were heard to be low, due to a prolonged shutdown in its metathesis unit and an unplanned outage at its No 1 cracker in Mailiao.

 

Chow Bee Lin contributed to the article 

 

By: Kew Jia Hui
+65 6780 4359

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