Taiwan’s CPC eyes mid-August start-up for RFCC at Dalin refinery

19 July 2012 05:40  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp is now expected to start up its new residual fluid catalytic cracker (RFCC) at its Dalin refinery around mid-August, a company source said on Thursday.

The start-up of the RFCC had previously been postponed due to construction delays.

The RFCC can produce 400,000-450,000 tonnes/year of propylene, which will be supplied to its domestic customers. Exports will be considered only after local demand is met, the source said.

Some market participants expect the start-up of CPC’s new propylene unit to eventually exert downward pressure on spot prices in northeast Asia as import demand into Taiwan is expected to shrink.

Taiwan imported around 419,244 tonnes of propylene in 2011, up from 343,379 tonnes in 2010, according to official data.

Propylene spot prices were assessed at $1,330-1,390/tonne (€1,091-1,140/tonne) CFR (cost & freight) northeast Asia last week, according to ICIS data.

($1 = €0.82)

By: Peh Soo Hwee
+65 6780 4359

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