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Formosa Plastics shut its No.2 PP plant in Ningbo for unscheduled maintenance

October 11/2019

MOSCOW (MRC) -- Taiwans Formosa Plastics has taken off-stream its polypropylene (PP) unit owing to technical glitch, according to Apic-online.

A Polymerupdate source in China informed that the company has halted operations at the unit in end-September, 2019. The units is likely to remain off-line till mid-October, 2019.

Located at Ningbo in China, the No. 2 PP unit has a production capacity of 280,000 mt/year.

As MRC informed before, Formosa Petrochemical Corp aims to lower its October average run rate at the 540,000-barrel-per-day (bpd) Mailiao refinery in October to about 70% from more than 87% last month due to maintenance. Formosa, Asias sixth-largest standalone refinery by capacity, has taken an 80,000-bpd residue desulphurizer down for a planned maintenance since Tuesday.

According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

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, crude and gaz condensate, PP block copolymer, homopolymer PP, petrochemistry, Formosa, China, Russia, Taiwan.
Category:General News
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