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Formosa to deepen run cut, reduce refinery propylene output at Mailiao, Taiwan

August 03/2020

MOSCOW (MRC) -- Formosa to deepen run cut, reduce refinery propylene output at Mailiao, Taiwan, said Chemweek.

Will reduce propylene production by up to 50,000 metric tons in August from normal monthly operational rate of over 80,000 metric tons.

As MRC informed earlier, Formosa Petrochemical slashed runs at its 540,000-bpd Mailiao oil refinery to about 68%, down from 80%, following last weeks shutdown of a secondary unit due to a fire. Even before the fire, Formosa had previously said that its gasoline exports this year would be about half of its 2019 volumes as the pandemic has hit demand from overseas markets. Any impact from a reduction in Formosas gasoline shipments would be mitigated by ample supplies in the region, said a trader who tracks petrol. Two of the units with a total capacity of 1.73 million tons per year (MMtpy) are operating at full capacity and the largest unit at 1.2 MMtpy is running at about 90% of its capacity, said Lin. The 1.2 million tpy cracker is scheduled to undergo maintenance in August.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Anna Larionova
Tags:petroleum products, PP, PE, ethylene, propylene, petrochemistry, Formosa.
Category:General News
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