Wednesday, January 16, 2008

Taiwan's FPC restarts cracker at Mailiao

Taiwan's Formosa Plastics Corporation (FPC) is reported to have restarted the Mailiao 1.2 mln tpa cracker. This cracker had to be unexpected shutdown earlier last week due to leakage in the pipes, affecting ethylene supplies in the Asian region, where prices sky rocketed last week.However, supply in Asia is not expected to return to normal levels as the shutdown at Mitsubishi Chemical Corporation (MCC)'s 450,000 tpa No.2 cracker continues.

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