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Formosa Plastics USA to start up new LDPE unit

October 29/2020

MOSCOW (MRC) -- Petrochemicals producer Formosa Plastics USA, part of Formosa Petrochemical, may delay the start up of its low density polyethylene (LDPE) line in Point Comfort, Texas, until Oct. 30, several sources told S&P Global Oct. 28.

The company was not available for immediate comment on the delay. Spokesperson Fred Neske last said the project was "still ongoing," in an email on Aug. 14 to Platts.

The startup of the unit was previously delayed to late-July or early-August from April, a spokesman said on May 8. Formosa had originally planned to bring the unit online by late-2019.

As MRC reported earlier, Formosa Plastics broke ground on its USD9.4 billion petrochemical complex in St. James Parish, Louisiana in late March, 2020, after receiving final permits but has now agreed to limit its construction activities until February 2021. The company plans to build the complex in two phases over 10 years. The first phase would include a 1.2-million metric tons/year ethylene plant using ethane as feedstock, with downstream facilities that will produce high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and ethylene glycol (EG). A propane dehydrogenation plant and a polypropylene (PP) facility are also planned.

According to MRC's ScanPlast report, September estimated LDPE consumption in Russia fell to 23,930 tonnes from 47,610 tonnes a month earlier. Russian producers reduced their domestic LDPE shipments due to shutdowns for maintenance at production capacities in Ufa, Tomsk and Kazan. Russia's estimated LDPE consumption totalled about 406,500 tonnes in January-September 2020, which virtually corresponded to the last year's figure. 

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).


mrcplast.com
Author:Margaret Volkova
Tags:PP, PS, ABS, LLDPE, propylene, LDPE, HDPE, ethylene, gas processing, petrochemistry, construction, Formosa, Russia, USA.
Category:General News
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