20 August 2010 07:30 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan's Formosa Petrochemical Corp (FPCC) has slashed production at its 190,000 tonne/year methyl tertiary butyl ether (MTBE) plant due to a snag at a gasoline-making unit in its 540,000 bbl/day Mailiao refinery, a company source said on Friday.
The 84,000 bbl/day No 2 residual fluid catalytic cracker (RFCC) was shut down on Wednesday and was expected to remain off line for around two weeks.
“The RFCC has stopped production, so the output at the MTBE unit has been reduced to 50%,” the source said.
MTBE is used as an additive to improve gasoline's octane levels.
Prior to the production cut, Formosa’s MTBE unit was operating at close to full capacity following the unit's restart in early August. A fire at a desulphuriser in late July forced Formosa to shut the refinery entirely.
Meanwhile, benchmark MTBE prices in Singapore were assessed at $750-755/tonne (€585-589/tonne) FOB (free on board) Singapore on 19 August, ICIS data showed.
($1 = €0.78)
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|
Asian Chemical Connections