Home / Knowledge / News / Textiles / Formosa to decide its naphtha unit closure time by next week
Formosa to decide its naphtha unit closure time by next week
13
Jul '10
Formosa Petrochemical Corp from Taiwan is currently evaluating the damage incurred from a fire that occurred last week at its 700,000 ton-per-year (tpy) naphtha cracking unit. Post this, it will decide the unit's closure time length by the coming week.

As of now, the pipes of the plant still have the presence of fire in them. Hence, the firm is not able to evaluate completely the damages, nor are they in a position to assess how long the unit might remain shut. Hopefully by the coming week, executives at Formosa expect to have a clearer picture, informed a company spokesperson.

Traders on the other hand are not expecting Formosa, one of Asia's top naphtha buyers, to purchase any spot parcels in a short span of time. More so, they are of the opinion that, the site might remain shut for two to three months as the base of its distillation tower, cables, wires and also a pyrolysis gasoline unit has been severely damaged.

When operational, the crackers used around 175,000 – 190,000 tons of naphtha per month.

The spokesperson also informed that, the firm was yet undecided about the turnaround at their cracker No. 2, as they were looking forward first to restarting No. 1 cracker.

The 1.03 million tpy cracker, which is currently functional at high rates, was ideally supposed to commence its 30-40 day maintenance around August 20. Formosa also runs a third cracker that has a production capacity of 1.2 million tpy.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Giorgio Mantovani
Corman S.p.A

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

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

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...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search