Formosa lifts force majeure on high molecular weight film PE, polypropylene

09-Jul-13
Formosa Plastics USA has lifted force majeure declarations on its output of high molecular weight film polyethylene and polypropylene, as per a company spokesman as reported by Platts. The company issued the force majeure declaration on all of its high molecular weight film polyethylene products on May 6 following a fire that injured 14 workers at its Point Comfort, Texas, petrochemical complex. The company previously said the investigation did not uncover significant damage to its production equipment, but there was some damage to ancillary equipment. Formosa cited unplanned outages at its Point Comfort polypropylene production units as the reason for that force majeure declaration, which was issued June 11. Formosa has an estimated polypropylene capacity of 1.5 bln lb/year at the Point Comfort facility.
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