Taiwan’s FPCC mulls naphtha crackers op rate cut to below 90%

26 September 2012 07:07  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is planning to cut operating rates at its Mailiao crackers to below 90% in early October because of poor market conditions in the downstream polyethylene (PE) sector, a company official said on Wednesday.

“Demand is weak and margins are not good hence we may cut operating rates to below 90% capacity in early October,” he said.

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
+65 6780 4359



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