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Formosa Plastics USA ramping up capacity utilisation at its No. 3 cracker in Texas after restart

June 25/2021

MOSCOW (MRC) -- Formosa Plastics USA, part of Formosa Petrochemical, began restarting its No. 3 cracker in Point Comfort, Texas on June 23 and was expected to ramp up through the week, reported S&P Global with reference to sources familiar with company operations.

The Formosa OL3 cracker with the capacity of 1.25 mln tonnes of ethylene per year was shut on June 4, 2021, owing to technical issues.

A Formosa spokesman June 22 had said the unit would be undergoing start-up activities beginning June 23, according to market sources. The startup was initially expected after one week of downtime, but the timeline was extended to the week ending June 25.

As MRC informed before, Formosa Plastics' new 1.5 million mt/year cracker in Point Comfort came online in H1 January, 2020, and was seen ramping up through January.

We remind that Formosa Plastics USA started up its 400,000 tons/year low density polyethylene (LDPE) plant in Point Comfort, Texas, US, on 30 November, 2020.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

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, propylene, ethylene, Formosa, USA.
Category:General News
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