Fire forces shutdown of Formosa Chemicals’ 300,000 tpa styrene monomer plant

Formosa Chemicals & Fibre Corp. has shut a 300,000 m tpa styrene monomer plant in Taiwan following Sunday’s fire. The facility, part of the company's flagship Mailiao petrochemical complex in Yunlin county, produces intermediate petrochemicals for other units under the Formosa Group and for other small local customers, Formosa Chemicals President Hong Fu-yuan told Dow Jones Newswires. The shutdown, in order to conduct safety checks, may hit Formosa Chemicals' revenue in August, although he said the impact likely wouldn't be "too much." The fire was extinguished within around half an hour but restart of operations is unclear.
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