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Formosa Petrochemical partly replace naphtha in ethylene production

March 11/2011

(Plastemart) -- As oil costs escalate past USD 100, and upstream naphtha at USD 990 peaks to a 29 month high, Formosa Petrochemical Corp. (FPCC) plans to switch to liquefied petroleum gas (LPG) to partly replace naphtha in ethylene production. This switch will reduce material costs and boost earnings, as reported by CENS. The move will also benefit FPCC`s affiliated firms including Formosa Plastics Corp., Nan Ya Plastics Corp. and Formosa Chemical & Fibre Corp., which heavily rely on ethylene in production.

At present, LPG is quoted USD 84 per ton lower than naphtha. If FPCC uses LPG to partly replace naphtha, it will be able to increase gross profit by USD 21 mln per month in producing ethylene.

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