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Formosa to raise refinery runs as maintenance ends

April 12/2019

MOSCOW (MRC) -- Taiwans Formosa Petrochemical Corp will raise the throughput at its crude oil refinery during the second-half of April after finishing maintenance at a crude unit, reported Reuters with reference to a company spokesman.

Formosas Mailiao refinery, which can process 540,000 barrels per day (bpd) of crude, will raise its throughput to over 82 percent from 70 percent currently, K.Y. Lin, a company spokesman said.

The plant has been operating at lower capacity because of planned maintenance on a 180,000 bpd crude distillation unit that has kept it shut since the start of March.

Formosa, one of Asias top ten largest refinery by capacity, also operates three naphtha crackers with a total capacity of about 2.93 million tonnes per year.

All the crackers are currently operating at full capacity, said Lin.

However, Formosa may need to reduce cracker runs after a fire at its sister company Formosa Chemicals & Fibre Corp (FCFC) on Sunday caused by a gas leak, Lin said, though it is still too early to determine what is the next step.

Formosa Petrochemical supplies pyrolysis gasoline or pygas, a by-product from naphtha cracking, to FCFC.

FCFCs No. 3 aromatics line was affected by the gas leak and fire and prolonged shutdown would mean a lack of a processing outlet for the pygas, which would have to be stored or sold to a third party.

FCFC also off takes naphtha from the Mailiao refinery.

As MRC informed earlier, on 19 March, 2018, Formosa Petrochemical Corp (FPCC) undertook an emergency shutdown at its No. 1 cracker in Mailiao owing to technical issues. The plant remained off-line for around one day. Located at Mailiao in Taiwan, the No. 1 cracker has an ethylene production capacity of 700,000 mt/year, propylene production capacity of 350,000 mt/year and butadiene production capacity of 109,000 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).
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, propylene, ethylene, petrochemistry, Formosa, Taiwan.
Category:General News
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