Taiwan’s CPC No 5 cracker shutdown may last more than a week

23 September 2010 04:35  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan producer CPC Corp may have to keep its 500,000 tonne/year No 5 cracker in Kaohsiung shut for more than a week from Sunday, when heavy floods in the wake of typhoon Fanapi halted plant operations, a company official said on Thursday.

But damage from flooding was expected to be minimal, the official said, adding that the earliest tentative schedule to restart the plant was Friday and the latest would be on 29 September.

“We are waiting for the downstream plants to restart,” said a company official said in Mandarin.

The cracker, along with its derivative plants, in Kaohsiung had to be taken off line over the weekend as a precautionary measure against tripping of power supply because of the flooding.

These plants include polypropylene, styrene monomer, monoethylene glycol and acrylonitrile units, the CPC official said.

A number of petrochemical facilities had to be shut due the the flooding from Taiwan's first major typhoon.

Based on the latest available official estimate, Fanapi's damage to the island's manufacturing sector amounted to New Taiwan dollars (NT$) 3bn ($95m).

With additional reporting by Pearl Bantillo

($1 = NT$31.54)

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By: Helen Lee
+65 6780 4359

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