Formosa Shuts Mailiao Oil Refinery Unit After Fire
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Formosa Petrochemical Corp., Taiwan’s only publicly traded oil refiner, said it has halted its 540,000 barrel-a-day refinery at Mailiao after an oil leak triggered a fire at a residual processing unit.
The fire broke out at the No. 2 residue desulfurization unit at 7:58 p.m. local time yesterday, and no-one was injured, the company said in a stock exchange filing. Formosa aims to restart two-thirds of the refining capacity within two days, company spokesman Lin Keh-yen said today.