5 week planned turnaround at Formosa Plastics' Texas steam cracker delayed

20-Aug-14

US petrochemical producer Formosa Plastics will delay its 5 week planned turnaround of its Olefins 1 steam cracker in Point Comfort, Texas, set to start at the beginning of September, as per market sources in Platts. Tightening ethylene supply, which has lead to firm spot pricing was cited as the driving reason behind the delay. In the latter part of last week Dow Chemical was heard delaying the planned turnaround of its Light Hydro Carbon Unit #8 in Freeport until October/November, while Chevron Phillips was heard postponing the turnaround at its Cedar Bayou steam cracker until sometime in 2015.