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Formosa to shut PVC plant in Taiwan for maintenance

March 15/2021

MOSCOW (MRC) -- Formosa Plastics Corp (part of Formosa Petrochemical) is planning to carry out maintenance works at its plant in Jenwu, Taiwan in March 2021, reported CommoPlast with reference to market sources.

Affected units including a 546,000 tons/year polyvinyl chloride (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 at the time of this report, however, all of the units would remain offline for three weeks.

As MRC informed before, in March 2020, Formosa Plastics emerged from a turnaround at its 798,000 mt/year PVC plant and upstream 753,000 mt/year VCM unit at its Point Comfort, Texas, complex.

According to MRC's DataScope report, imports of suspension polyvinyl chloride (SPVC) into Russia slightly exceeded 500 tonnes in January, down by 68% year on year. At the same time, exports decreased by 15%. January SPVC imports to Russia fell to 500 tonnes from 1,600 tonnes and 6,000 tonnes in January and December 2020, respectively. High PVC prices in the foreign markets and long New Year holidays put serious pressure on import purchases of PVC from Russian companies.

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