26 September 2012 09:32 [Source: ICIS news](adds details)
The blaze erupted at the unit at 10:05
"We don't know how long the plant will be shut as we are still [doing an] assessment [of] the damage by the fire," the company source said.
Bids for Asia’s spot MEG rose to $1,080-1,085/tonne (€834-835/tonne) CFR (cost and freight) CMP (
The No 4 MEG unit was scheduled for a 40-day turnaround at the end of the year, in compliance with a government directive on safety checks at plants in Mailiao, following a string of fire that occurred at the petrochemical complex last year.
Formosa Petrochemical Corp (FPCC), a sister company of Nan Ya, has shelved its planned purchase of spot naphtha supplies for first-half November delivery to Mailiao because of the MEG plant fire, said an industry source.
Nan Ya Plastics, which is a part of
The No 1 and No 2 MEG plants, each with a 360,000 tonne/year capacity, are currently running at 100%, while the No 3 unit with the same capacity is currently shut for 30-40 days of turnaround from 7 September, the Nan Ya source said.
The No 2 unit had a turnaround on 22 July to 7 September, while the No 1 unit is scheduled to be shut when the No 3 plant resumes operation.
Additional reporting by Felicia Loo
($1 = €0.77)
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