13 May 2011 11:16 [Source: ICIS news]
(recasts with shutdown of polycarbonate lines, delay in epoxy resin plant restart)
SINGAPORE (ICIS)--Taiwan’s Formosa Idemitsu Petrochemical Corp (FIPC) has shut all three of its polycarbonate (PC) lines in Mailiao after a fire at a neighbouring complex caused a power outage on 12 May, sources said on Friday.
“It is not clear when the plant can resume operation,” a source close to the company said.
FIPC’s No 1 and No 2 lines can each produce 60,000 tonnes/year of PC, while the No 3 line has a capacity of 75,000 tonnes/year.
FIPC is a joint venture between Formosa Chemicals & Fibre Corp (FCFC) and Japan’s Idemitsu Kosan.
The outage at the plant was sparked by a fire that hit the Formosa group’s petrochemical complex in the same industrial park late on Thursday. The fire and following power outage led Formosa to shut its 700,000 tonne/year No 1 naphtha cracker and downstream units.
In addition, the company may have to delay the restart of its epoxy resins facility in Mailiao, a source close to the company said on Friday.
The plant, which has an estimated capacity of 16,000 tonnes/year, was taken off line on 9 May in line with a turnaround at the company’s upstream utility unit at the same site, the source said.
Nan Ya Plastics had planned to restart the plant on 14 May, the source added.
The impact of the fire is not clear as the plant was shut down at the time. However, the company said that they are planning to keep their offers firm despite lukewarm demand in the key China market.
The company’s plant in Shulin is not affected by the fire, the source said. The plants in Mailiao and Shulin have a combined capacity of 230,000 tonnes/year.
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