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FPC selects Lloyds Register to optimize chemical plant inspection in Taiwan

April 08/2021

MOSCOW (MRC) -- Lloyds Register, a professional services company specializing in engineering and technology solutions, is to deploy its asset performance and risk management solution AllAssets across 94 of Formosa Plastic Groups (FPC) Taiwanese plants, according to Hydrocarbonprocessing.

Formosa Plastics Group, part of Formosa Petrochemical and one of Taiwan's top petrochemical companies and a world leading producer of polyvinyl chloride (PVC) resins, is working with Lloyds Register to achieve operational excellence through Industry 4.0. The partnership is part of a company wide programme of digitalisation that Formosa Plastics Group has introduced to enhance long-term competitiveness while maintaining its commitment to environmental protection, social prosperity and economic development.

Lloyds Register will deploy its AllAssets solution to reduce risk, optimise task intervals and increase asset reliability by managing integrity across their industrial assets. The petrochemicals giant will benefit from the solutions low code approach and Model Designer tool, which will be used to enhance out of the box risk models to integrate with Formosa Plastics Groups unique internal processes. Once deployed, AllAssets will automate tasks to deliver process efficiencies and standardise Formosa Plastics Groups asset inspection and maintenance integrity programmes.

As MRC wrote previously, FPC carried out maintenance works at its plant in Jenwu, Taiwan in March 2021. Affected units including a 546,000 tons/year PVC plant, 480,000 tons/year vinyl chloride monomer (VCM) plant and the 400,000 tons/year ethylene dichloride (EDC) line. It is unclear on the exact shutdown date, however, all of the units remained offline for three weeks.

According to MRC's ScanPlast report, Russia's overall PVC production reached 169,200 tonnes in the first two months of 2021, down 4% year on year. All producers decreased production volumes over the reported period.

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:PVC, etilen dihlorid, vinilhlorid, SPVC, Formosa, Russia, Taiwan.
Category:General News
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