Taiwan's Formosa sees no serious threat from damaged Jiji dam

13 June 2012 12:05  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan's Formosa Petrochemical Corp (FPCC) has a back-up plan to ensure its Mailiao operations will not be affected if water supply is cut off via the Jiji dam, which was damaged in recent heavy rains, a company spokesperson said on Wednesday.

The source did not elaborate on where it will get alternative sources of water.

The Jiji Dam, on the Jhuoshuei River, diverts water from the upper stretch of the river to the Formosa Group’s oil refineries at Mailiao in Yunlin County, said another company source.

Heavy rains hit northern Taiwan on Monday and were continuing in the central and southern parts of the island on Wednesday.

Meanwhile, FPCC is looking at restarting its No 3 cracker in Mailiao within the week, the spokesperson said. The cracker, which has a 1.2m tonne/year ethylene capacity, is the biggest of the three sited in Mailiao.

The company’s 700,000 tonne/year No 1 and 1.03m tonne/year No 2 crackers are currently operating “at more than 90% of capacity”, the spokesperson said.

Operating rates at the No 3 cracker are expected to be kept high upon its restart, since the No 1 cracker will immediately be shut for turnaround, the spokesperson said.

By: Pearl Bantillo
+65 6780 4359

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