Taiwan's Formosa Restarts Naphtha Cracker; Not Yet At Full-Tilt


SINGAPORE, July 16 (Reuters) - Taiwan's Formosa Petrochemical Corp restarted a naphtha cracker late last week following a planned maintenance but the unit has not reached full capacity, its spokesman said on Monday.

The unit, which has a capacity of 700,000 tonnes per year (tpy) of ethylene, was shut around June 5.

Formosa, Asia's top naphtha importer, operates two other naphtha crackers in Mailiao which have a total capacity of 2.23 million tpy of ethylene.

"Both the units are at full capacity," said spokesman KY Lin.

Formosa also operates a 540,000 barrels per day (bpd) refinery in Mailiao.

The refinery has shut a base oil unit since July 9 for maintenance, which will last until early September, said Lin.

An 80,000-bpd residue desulphriser unit will be shut for a planned maintenance in October.

(Reporting by Seng Li Peng; Editing by Amrutha Gayathri)


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