FCFC shuts two SM plants on security concerns, one still running

16 May 2011 09:14  [Source: ICIS news]

SHANGHAI (ICIS)--Formosa Chemicals & Fibre Corp (FCFC) has shut two styrene monomer (SM) plants in Mailiao amid security concerns after a fire at its petrochemical complex on 12 May, a company source said.

One plant has a capacity of 250,000 tonnes/year, while the other has a capacity of 350,000 tonnes/year, the source said.

“We are not expecting to restart the two units at present despite [the fact that] they were not damaged in the fire,” the source said, adding that the plants will be restarted after security concerns are addressed.

FCFC operates another SM unit in Mailiao, which is running at nearly its full capacity of 600,000 tonnes/year, the source said.

FCFC, a subsidiary of Formosa Petrochemical Corp (FPC), has three SM units with a total capacity of 1.2m tonnes/year, according to Chemease, an ICIS service in China.

Additional reporting by Amanda Zhang

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By: Cindy Wu

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