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Formosa expands capacity at Mailiao refinery

September 16/2010

(Argus) -- Taiwanese private sector refiner Formosa Petrochemical has restarted 80,000 barrels per day residual desulphurization unit and raised operating rates at its 540,000 barrels per day Mailiao refinery after a week long disruption.


The increased output has done little to boost sentiment the Asian gasoil market that is already well supplied, exacerbated by poor arbitrage economics to Europe or the US.


Formosa restarted the residual desulphurization unit on September 9th 2010, while runs rates at two of its three 180,000 barrels per day capacity crude distillation units were raised to around 95%. The residual desulphurization unit was shut a week ago to allow Formosa to carry out further investigations and make design corrections at the refinery following a fire in late July 2010.


Russian polymers' market prospects are going to be discussed at Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more information please refer to Summit official web page.

Formosa expands capacity at Mailiao refinery













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