Formosa's Gp II base oils refinery restart still pending gov't nod

04 October 2010 11:29  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Formosa failed to restart its 520,000 tone/year group II base oils refinery this week as it is still waiting for regulatory approval to resume operations, said a company source on Monday.

The base oils unit was ready for restart after a 40-day maintenance turnaround that was brought forward by a week to late July, following a blast at Formosa’s Mailiao petrochemical complex, the source said

The government go-ahead was needed in the wake of pending resolution of earlier environmental issues at the parent refinery.

A fire incident at a downstream facility of Formosa affiliate Nanya Plastics on Sunday had also complicated issues.

No timetable was fixed on when the base oils plant can restart, the company source said.

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By: Anu Agarwal
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