Taiwan Formosa restarts 700,000 tpa No.1 naphtha cracker, plans another shu...

Taiwan's Formosa Petrochemical Corp. has restarted its 700,000 tpa No.1 naphtha cracker, but plans to shut down another naphtha unit. Asia's largest ethylene producer plans to shut its No.2 900,000 tpa cracker for maintenance once the No.1 unit restarts stable operations. As a result, the Taiwanese petrochem major will will skip spot buying for November. The No.1 naphtha cracker is expected to run at full capacity by the end of the week.