Formosa resumes production at 700,000 tpa cracker: issues spot tender for 75,000 tons naphtha

After a month of reduced output, Taiwan's Formosa Petrochemical Corp. has resumed 100% operations at its 700,000 tpa cracker. The No.1 cracker was idled in early April for about five days, but damage to its furnace tube during the outage prevented the cracker from operating at more than 80% capacity. Formosa, Asia's largest ethylene producer by capacity, has issued a spot tender to buy 75000 tons of naphtha for June 26-July 5 delivery to Mailiao.
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