Taiwan’s Formosa to delay naphtha imports on cracker woes

27 May 2011 10:25  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan's Formosa Petrochemical Corp (FPCC) will delay some deliveries of naphtha as it has yet to set a date for the restart of its 700,000 tonne/year No 1 cracker in Mailiao, traders said on Friday.

The cracker has been shut since 12 May after a small fire. Market sources had said earlier that the cracker's shutdown would likely last a month.

“The volume is big quantity,” said a trader, referring to the naphtha import deferment.

Other traders said the volume could be 300,000-400,000 tonnes for June to first-half July delivery.

The fire that broke out at the Formosa group’s Mailiao petrochemical complex late on 12 May, caused a power outage that shut the No 1 cracker, along with several other downstream plants.

Some of the affected plants, including FPCC's 260,000 tonne/year acrylonitrile (ACN) plant and Formosa Plastics Corp's (FPC) 500,000 tonne/year polyvinyl chloride (PVC) unit, have since been restarted.

Formosa plans to shut its 1.2m tonne/year No 3 cracker in Mailiao in September for a turnaround that will last 40-45 days. The No 3 cracker and the 1.03m tonne/year No 2 cracker are operating at 95-100%.

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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