Home / Knowledge / News / Textiles / Formosa Petrochemical Corp to re-start ethylene plant
Formosa Petrochemical Corp to re-start ethylene plant
Mar '09
Formosa Petrochemical Corp plans to restart its ethylene Plant No-1 and shut down Plant No-3 in the process due to a mechanical fault which occurred in Plant No-3 and which stay closed for a period of 2-4 weeks.

Fibre2fashion spoke to company official from Formosa Petrochemical who confirmed the news by saying, “There was a small explosion in Plant No-3, due to some mechanical problem and the whole plant needs to be shut down for the time being”.

He added by saying that, “In the interim, we will start ethylene Plant No-1 which was earlier shut down” and confirmed that the No-3 Plant was running at a capacity of 70 -75 percent. Meanwhile ethylene prices have climbed by 19 percent in 2009 in Asian markets.

This happened after Formosa decided to shutdown the 700,000 tons per annum ethylene Plant No-1 in the first week of January. Formosa has a total ethylene production capacity of 2.94 million tons per annum between its three plants.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search