Compelled by weak demand in Asia, Taiwanese petrochem major Formosa Petrochemical has decide to keep its No. 3 naphtha-fed steam cracker at Mailiao shuttered. Capacities at the plant total 1.2 mln tpaa of ethylene and 600,000 tpa of propylene.
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Monday, October 27, 2008
Weak downstream demand compels Formosa to extend cracker shutdown indefinitely
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