Formosa’s Cracker Outage May Curb Gasoline Exports
This article is for subscribers only.
Formosa Petrochemical Corp., Taiwan’s only publicly traded oil refiner, shut a residue fluid catalytic cracker yesterday because of an “equipment fault” that will probably curb gasoline exports next month.
The No. 1 cracker, which processes fuel oil into light products, may be closed for seven to 10 days, according to Taipei-based spokesman Lin Keh-yen. It has a capacity of 84,000 barrels a day, he said.