Typhoon Fanapi heads towards China

21-Sep-10

Typhoon Fanapi, Taiwan's most severe storm of 2010 has wrecked havoc on the island nation. Formosa Plastics Corp. and Nan Ya Plastics Corp. are among more than 30 petrochemical makers in Kaohsiung that have halted production because of flooding caused by Typhoon Fanapi. Formosa Petrochemical Corp., has no plants in the Kaohsiung parks, and was not majorly impacted by Fanapi. However, shipments from Taiwan's Formosa Petrochemical Corp were disrupted by the closure of a seaport near its 540,000 bpd Mailiao refinery complex. Fanapi, initially a category 3 typhoon on a 1-5 scale, was expected to reach China's southeastern province of Fujian, where over 186,000 people have been evacuated.