Taiwan’s FPCC to cut ops at naphtha crackers in October

19 September 2012 03:32  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is planning to cut operating rates at its Mailiao crackers from 1 October because of poor market conditions in the downstream polyethylene (PE) sector, a company official said on Wednesday.

“We may cut operating rates at the crackers from 1 October as the downstream PE market is weak,” he said, adding that the extent of the rate cuts has not been finalised yet.

The company’s plan to reduce operating rate at its crackers would affect their naphtha spot purchase.

The company’s 1.03m tonne/year No 2 cracker was restarted on 14 September as scheduled following its routine maintenance and it is currently running at full capacity.

FPCC also runs a 700,000 tonne/year No 1 cracker and a 1.2m tonne/year No 3 cracker in Mailiao. These two crackers are also running at full capacity, the official added.

By: Helen Lee

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