Cracker shutdown compels Formosa to defer over 1 mln tons of naphtha

Formosa Petrochemical Corp. has deferred over 1 million metric tons of naphtha imports because of the shutdown of one of its crackers, as per ICIS. A cargo of at least 600,000 tons of naphtha for delivery between July and August, originally scheduled to be delivered between the end of May and June, has been deferred. A date of restart at Cracker No.1 has not been fixed, while Formosa’s No. 2 cracker in Mailiao is currently running at 80% capacity. Also, Formosa plans to close its No. 3 naphtha cracker at Mailiao for maintenance in August.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha