Monday, March 02, 2009

Formosa mulls repair shutdown at No. 3 unit, contemplates restart of No. 1 ethylene unit

Taiwan’s Formosa Petrochemical Corp. is mulling a 2-4 week long shutdown of its 1.2 mln tons No. 3 unit to repair a mechanical fault. To cork the supply gap, and benefit from this years’ 19% rise in pprices, the company is considering the restart of its 700,000 tpa No.

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