Taiwan’s FPCC mulls further cracker rate cuts from current 90%

11 May 2012 04:57  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is mulling a further reduction in operating rates across its three naphtha crackers in Mailiao because of sharp declines in olefins prices, a company source said on Friday.

The company trimmed cracker production to 90% of capacity earlier this month, the source said.

“We are considering to lower the cracker operating rates further to 85%,” the source said in Mandarin.

FPCC has a 700,000 tonne/year No 1 cracker, a 1.03m tonne/year No 2 cracker and a 1.2m tonne/year No 3 cracker in Mailiao that operated at 95-100% in April, the source said.

By: Peh Soo Hwee
+65 6780 4359

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