Monday, March 14, 2011

To counter escalating naphtha costs, Formosa Petrochemical to switch to LPG, boost earnings

As oil costs escalate past US$100, and upstream naphtha at US$990 peaks to a 29 month high, Formosa Petrochemical Corp. (FPCC) plans to switch to liquefied petroleum gas (LPG) to partly replace naphthha in ethylene production.

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