Formosa BP to shut acetic acid plant until year-end

12 November 2008 11:11  [Source: ICIS news]

SINGAPORE (ICIS news)--Formosa BP Chemicals Corp (FBPCC) plans to shut down its 300,000 tonne/year acetic acid plant in Mailiao, Taiwan, from mid-November until the end of the year due to poor demand, a company official said on Wednesday.

The official said another reason for the shutdown was Dairen Chemical Corp’s decision in October to halve operating rates at its 650,000 tonne/year vinyl acetate monomer (VAM) plant at the same site.

VAM is a derivative product of acetic acid.

Operating rates at FBPCC’s acetic acid unit were currently at 80% of capacity since mid-September, down 20% from previous levels.

FBPCC is a 50-50 joint venture of BP and Formosa Chemicals & Fibre Corp.

Other acetic acid producers in Asia include Celanese, Daicel Chemical Industries, CPDC, Shanghai Wujing, Jiangsu Sopo, Showa Denko and GNFC.

For more on acetic acid visit ICIS chemical intelligence
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By: Helen Lee
+65 6780 4359

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