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Taiwans energy demand fell after petrochemical maker shut plants

December 08/2010

(Bloomberg) -- Taiwans energy demand fell for the first time in more than a year after the islands biggest petrochemical maker shut plants for routine maintenance and unscheduled repairs.


Combined consumption of coal, petroleum, gas, thermal energy and electricity declined 0.1 percent in October from a year earlier to the equivalent of 10.1 million kiloliters of oil, or about 2 million barrels a day, according to an e-mailed report from the Bureau of Energy in Taipei today. Demand last dropped in August last year.


Formosa Petrochemical Corp., Taiwans biggest petrochemical maker, shut its second-largest ethylene plant on Oct. 5 for scheduled repairs. The company also halted a residual fuel processing plant and its smallest ethylene unit after fires in July. The chemical is a raw material for plastics and fabrics.


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