Taiwan's only publicly traded oil refiner Formosa Petrochemical Corp. aims to start production from its new cracker next month. The new cracker will have a capacity to produce 1.2 million metric tpa of ethylene from naphtha, boosting Taiwan's ethylene capacity 42% to 4.04 million tpa. This will be one of Asia's largest naphtha processing plants next month.
The new cracker is the third such plant operated by Formosa at its refinery and petrochemical complex in Mailiao, Yunlin county. Formosa's two existing naphtha processing plants have combined ethylene capacities of 1.7 million tpa.
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