Taiwan's Nan Ya runs MEG units normally after second fire in a week

01 August 2011 05:17  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Nan Ya Plastics is running its four monoethylene glycol (MEG) units at Mailiao normally after a fire broke out at the refinery complex on early 30 July, a company source said

“We are running our four MEG units quite well and there is no impact on [operations] as the fire happened in the refinery area,” the source said.

The fire was the second one in a week following a small fire that occurred also in the complex vicinity on 26 July.

Nan Ya, a subsidiary of Formosa Group, has a combined MEG capacity of 1.8m tonnes/year at Mailiao.

This morning, sellers were holding back on their offers in anticipation of higher prices amid active buying sentiment. A bonded warehouse cargo was heard done at $1,270/tonne (€876/tonne) CFR (cost & freight) CMP (China Main Port), according to traders.

($1 = €0.69)

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By: Judith Wang
+65 6780 4359



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