Taiwan’s FCFC restarts Mailiao phenol/acetone plant after overhaul

01 October 2012 04:52  [Source: ICIS news]

MELBOURNE (ICIS)--Taiwan’s Formosa Chemicals & Fibre Corp (FCFC) has restarted its phenol/acetone plant at Mailiao after completing annual maintenance, a company source said on Monday.

The plant, which consists of two lines with a combined phenol capacity of 400,000 tonnes/year and a combined acetone capacity of 250,000 tonnes/year, was taken off line on 27 August to undergo a scheduled overhaul.

The plant’s operating rate will be ramped up over the next few days, the source said.

While the plant was restarted on 1 October as planned, on-spec output of phenol and acetone may take three to four days to be achieved, the source added.

“Full plant operating rate should be reached by 4 October, and we expect to lose approximately 3,000 tonnes of phenol as well as 2,000 tonnes of acetone output during the month of October as a result,” the source said.

In view of its own captive consumption as well as the need to rebuild its inventories, FCFC will only be able to offer acetone for export towards the end of October, he added.

Based on the current costs of feedstock benzene and propylene, FCFC is seeking an acetone export price of above $950/tonne (€741/tonne) FOB (free on board) Taiwan. Its selling idea for phenol would be more than $1,500/tonne FOB Taiwan, although it will not be in a position to offer phenol for export sales during October, the source added.

($1 = €0.78)

By: Trisha Huang

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