Formosa likely to delay restart of naphtha unit

Tue Sep 30, 2008 10:28pm EDT
 
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SEOUL, Oct 1 (Reuters) - Taiwan's Formosa Petrochemical Corp (6505.TW) is likely to delay the restart of its 1.2 million tonne per year (tpy) naphtha cracker due to poor margins, two trading sources said on Wednesday.

The cracker was initially expected to resume operation on Oct 18 after a 45-day turnaround. (Reporting by Angela Moon; Editing by Jonathan Hopfner)

 

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