Formosa may defer sour crude imports on Mailiao refinery snag

28 July 2010 11:38  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPC) may defer the delivery of its sour crude oil imports, following the shutdown of its Mailiao refinery early this week, a company source said on Wednesday.

“Given the tough times, every option will be taken into consideration,” said the source.

However, the source could not provide any further details on the potential deferment.

Formosa said earlier that it would resume operations at two of its three crude units, after a fire at the desulphuriser forced a complete shutdown of the 540,000 bbl/day complex. 

However, traders said that Formosa might require a longer time before restarting the units, in the face of refinery and cracker snags in a single month.

A company spokesperson had earlier said that Formosa would likely defer a regular maintenance shutdown at its 1.03m tonne/year No 2 cracker, but provided no firm dates.

The cracker was originally scheduled to go off line for 45 days starting from 20–22 August, but an outage in early July at the company’s 700,000 tonne/year No 1 cracker at the same site prompted a delay of the No 2 cracker turnaround.

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By: Felicia Loo

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