Home / Knowledge / News / Textiles / Formosa Petrochemicals augments ethylene capacity
Formosa Petrochemicals augments ethylene capacity
21
Jan '09
Since a large number of ethylene manufacturing plants have either partially closed down or fully shut down in the last few months, due to the slowdown in demand for the raw material, the demand has started eclipsing supply in the last few days leading to the ethylene petrochemical units restarting their units.

Recently there were reports of the Taiwan based petrochemical major, Formosa Petrochemicals increasing utilization of its ethylene capacity. Fibre2fashion.com spoke to Mr Lin, spokesperson of the company, who said that they had indeed augmented their ethylene capacities compared to that of a few weeks back.

He added by saying that improved market conditions are the main reason for doing the same. According to reports the company is operating its ethylene capacities at roughly 90-95 percent compared to 80-85 percent a few weeks ago. Meanwhile ethylene prices have started climbing in the last few days and have risen by as much as 15 percent.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search