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

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index