11 April 2008 10:21 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s Formosa Petrochemical Corp (FPCC) will continue to operate its No 1 cracker below 80% until May when operating rates will slowly be ramped up, after it was damaged last weekend, a company source said on Friday.
One or two out of the nine furnaces for the cracker were damaged by last week’s power outage which caused a three-day shutdown and repairs to the units would probably be completed in early May, added the source.
“Operating rates are about 60-65% currently and we can only operate below 80% [for] the rest of the month,” said the source.
Another trader added operating rates would only be restored to capacity in a month’s time.
The No 1 cracker, which is the company’s smallest cracker, has an ethylene capacity of 700,000 tonnes/year with mostly captive consumption.
FPCC is one of the larger cracker operators in ?xml:namespace>
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