12 October 2012 07:19 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>
The unit was shut on 7 September for a planned 30-40 days of turnaround, in compliance with a government directive on safety checks at plants in Mailiao.
The company’s 720,000 tonne/year No 4 MEG unit at the site, however, is still undergoing repairs following an unexpected shutdown on 26 September, the source said.
The repair works at the unit is expected to last around a month, the source added.
The No 4 unit was shut by a fire that hit its heat exchange pipelines late last month.
“The restart [of the unit] is still uncertain as we need local government’s permission [on that],” the source said.
“Nan Ya has cut more than half of our usual [MEG] allocations in October,” a major Hongkong-based trader said.
Nan Ya is a unit of Taiwanese petrochemical major Formosa Group.
The Mailiao petrochemical complex of the Formosa Group had a string of fire last year, prompting