Taiwan’s FPCC brings forward naphtha crackers op rate cut to 80%
27 September 2012 04:30 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Taiwan’s Formosa Petrochemical Corp (FPCC) has reduced operating rates at its Mailiao crackers earlier than planned to 80% capacity following the outage of Nan Ya Plastics’ monoethylene glycol (MEG) plant at Mailiao, a company official said on Thursday.
“All the crackers are down to 80% capacity,” the official said.
Prior to the MEG plant outage, FPCC was planning to cut their cracker operating rates to below 90% in early October because of poor market conditions in the downstream polyethylene (PE) sector.
The company’s 1.03m tonne/year No 2 cracker was restarted on 14 September as scheduled following its routine maintenance.
FPCC also runs a 700,000 tonne/year No 1 cracker and a 1.2m tonne/year No 3 cracker in Mailiao. All the crackers were running at full capacity prior to the operating rate cuts, the official added.By: Helen Lee+65 6780 4359
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