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Formosa Plastics USA shut Point Comfort cracker for system check

December 24/2020

MOSCOW (MRC) -- Petrochemical producer Formosa Plastics USA's cracker totaling 1.5 million mt/year ethylene unit in Point Comfort, Texas was shut until early to mid-January, reported S&P Global with reference to sources' statement Dec. 22.

Formosa Plastics USA, part of Formosa Petrochemical, was not available to comment.

The company wanted to check all the systems to ensure it can run at top capacity, according to sources familiar with company operations.

We remind that 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.

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

According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

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, PE, homopolymer PP, propylene, LDPE, HDPE, ethylene, Formosa, Russia, USA.
Category:General News
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