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Formosa Petrochemical Corp has restarted the largest of its three naphtha crackers

October 19/2011

(Reuters) -- Taiwan's Formosa Petrochemical Corp has restarted the largest of its three naphtha crackers following a planned maintenance which started in mid-August, traders said on Tuesday. However, some traders said Asia's top naphtha buyer may shun buying spot naphtha for November despite having restarted the 1.2 million-tonnes-per-year (tpy) No. 3 cracker. "They should have sufficient naphtha inventories for now," said a trader.


Other traders said Formosa had recently bought a large volume of liquefied petroleum gas (LPG). LPG can be used to replace up to 15 percent of naphtha needed in its crackers. It operates three naphtha crackers with a total ethylene capacity of 2.93 million tpy.


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