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Asian Chemical Connections

Formosa Confirms US Cracker Plans

By Malini Hariharan One more US cracker and propane dehydrogenation (PDH) project has been confirmed. After months of speculation Formosa Plastics has announced that plans to build a 800,000 tonnes/year ethane cracker, a 600,000 tonnes/year PDH plant and a 300,000 tonnes/year low density polyethylene (LDPE) plant at Point Comfort, Texas. The $1.7bn investment is due […]

Formosa’s troubles deepen, markets rally on supply concerns

By Malini Hariharan The latest accident at Formosa Petrochemical Corp’s (FPCC) refinery at Mailiao, Taiwan, on Sunday is adding to the bullish sentiment in markets for key petrochemicals. A fire in the propylene recovery unit has forced the company to close its 540,000 bbls/day refinery and related facilities, including two residual fluid catalytic cracking units […]

MEG reacts to Taiwan developments

By Malini Hariharan Spot monoethylene glycol (MEG) markets have quickly reacted to news that Nan Ya Plastics, an affiliate of the Formosa Plastics Group, has been ordered by the Taiwanese government to shut down two plants. Prices surged by $15-30/tonne to $1,140-1,160/tonne CFR China, reports the blog’s colleague Becky Zhang on ICIS news. Nan Ya […]

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