02 August 2011 09:45 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan oxo-alcohols major Formosa Plastics Corp (FPC) has suspended its n-butanol (NBA) offers with immediate effect, a company source said on Tuesday.
The announcement came as no surprise to market players as the move follows the Formosa group’s force majeure declaration on 1 August in the wake of a fire on 30 July.
“The outlook is unclear. We are waiting for decisions. The production rate is not stable and may change anytime,” he added.
FPC’s 250,000 tonne/year NBA plant, which is located in Mailiao, is scheduled to be shut in December for a 30-day turnaround.
About 60-70% of the plant’s NBA output is used to supply FPC’s downstream butyl acrylate (butyl-A) units at Mailiao and Kaohsiung in Taiwan, while the rest is exported.
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