MOSCOW (MRC) -- US petrochemicals producer Formosa Plastics is in the process of restarting its Olefins No 2 steam cracking unit at its complex in Point Comfort, Texas, as per company sources in Plastemart.
The emissions event associated with the startup was to be completed by Wednesday morning. The steam cracker was shut after a process upset, market sources said last week.
As MRC wrote before, Formosa Chemicals & Fibre Corp (FCFC), a subsidiary of Formosa Plastics Group, a week ago restarted its No. 1 styrene monomer (SM) plant. A Polymerupdate source in Taiwan informed that the No.1 plant restarted in early January 2015. It was shut in mid-December 2014 on account of weak market conditions. Located at Mailiao in Taiwan, the plant has a production capacity of 250,000 mt/year.
Formosa Petrochemical is involved primarily in the business of refining crude oil, selling refined petroleum products and producing and selling olefins (including ethylene, propylene, butadiene and BTX) from its naphtha cracking operations. Formosa Petrochemical is also the largest olefins producer in Taiwan and its olefins products are mostly sold to companies within the Formosa Group. Among the company's chemical products are paraxylene (PX), phenyl ethylene, acetone and pure terephthalic acid (PTA). The company's plastic products include acrylonitrile butadiene styrene (ABS) resins, polystyrene (PS), polypropylene (PP) and panlite (PC).
MRC