Fire Shuts 2 Units At Formosa Petrochemicals Taiwan Plant

A fire at Formosa Petrochemical Corp's Mailiao plant in central Taiwan has forced the shutdown of ethylene and aromatics facilities, the company said on Friday.

A spokesman said the fire, in a pipe that feeds raw materials to the units, had been put out at around 5:45 a.m. on Friday after breaking out on Thursday evening.

Because of the damage to the pipeline, facilities producing ethylene and aromatics had been shut down, although they were not damaged by the fire, the spokesman said. One of the facilities is operated by Formosa group company Formosa Chemicals & Fibre Corp.

The Mailiao complex was hit by two fires in a month last July, raising concern over its safety record.

Formosa Petrochemical shares fell 2.5% in early trading, while Formosa Chemical fell 2.3%. The broader market was flat.

 

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.