Taiwan’s Formosa shuts No 1 Mailiao cracker on power outage

18 July 2013 03:56  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) shut its 700,000 tonne/year No 1 naphtha cracker in Mailiao on Wednesday night due to a power outage, a company source said on Thursday.

Investigations are currently underway and it is unclear when the facility can resume operations, the source said.

The power outage did not affect FPCC’s two other naphtha crackers at the site, which are currently running at full rates, the source said.

FPCC operates a 1.03m tonne/year No 2 cracker and a 1.2m tonne/year No 3 cracker in Mailiao.

Another company source said the power outage at the site on Wednesday night has been remedied, but did not provide further details.

FPCC was in talks early in the week to sell a 4,000-tonne first-half August-loading ethylene cargo at $1,220-1,230/tonne (€927-935/tonne) FOB Taiwan, but has suspended discussions following the unplanned shutdown of the No 1 cracker, the first company source said.

($1 = €0.76)

Additional reporting by Nurluqman Suratman

By: Peh Soo Hwee
+65 6780 4359

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