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Formosa Petrochemical Posts Net Loss In H1
Formosa Petrochemical Says May Sales Down 55.9% Y/Y
Formosa Petrochemical Says March Sales Down 38.5% Y/Y
Formosa Petrochemical Corporation is a Taiwan-based company principally engaged in the refining and distribution of oil products. The Company’s principal products include oil products, such as naphtha, gasoline, diesel, jet fuel, kerosene, fuel oil and liquefied petroleum gas (LPG); petrochemical basic materials, such as ethylene, propylene and butadiene; utility products, such as power generation equipment and steam, as well as basic oil products. In addition, the Company is also involved in the storage of oil products and petrochemical materials, as well as the loading and unloading of port cargos.
Oil & Gas - Integrated
Room 377, 4F, Building Behind
No. 201, Tung Hwa North Road
Chairman of the Board, Managing Director
Wen Yuan Wong
Managing Director, Independent Director
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* Impact on gasoline mitigated by ample supplies for now (Adds background, petchem run rates)
Taiwan's Formosa Petrochemical Corp has slashed runs at its 540,000 barrels-per-day (bpd) Mailiao oil refinery to about 68%, down from 80%, following last week's shutdown of a secondary unit due to a fire, its spokesman said on Monday.
Taiwan's Formosa Petrochemical Corp has shut a residue desulphuriser (RDS) unit at its 540,000 barrels-per-day (bpd) Mailiao refinery after it was hit by a fire early on Wednesday, three sources close to the matter said.
Taiwan's Formosa Petrochemical Corp has shut a residue desulphuriser (RDS) unit at its 540,000 barrels-per-day (bpd) Mailiao refinery after it was hit by a fire, three sources close to the matter said on Wednesday.
Taiwan's Formosa Petrochemical Corp expects to cut its gasoline exports by about half in 2020 as the coronavirus crisis dents demand, a spokesman said on Thursday.
Taiwan's Formosa Petrochemical Corp said on Thursday it will continue exporting very low-sulphur fuel oil (VLSFO), which it previously only sold at home, in response to strong demand driven by new global shipping regulations.
Taiwan's Formosa Petrochemical Corp aims to lower its October average run rate at the 540,000-barrel-per-day (bpd) Mailiao refinery to about 70% from more than 87% last month due to maintenance, its spokesman said on Thursday.
Taiwan's Formosa Petrochemical Corp <6505.TW> has finalised a naphtha purchase at discounts of $4 to $5 a tonne to its own price formula on a cost and freight (C&F) basis, the lowest price it has paid since December, industry sources said on Thursday.
Taiwan's Formosa Petrochemical Corp will operate its Mailiao refinery at about 90% capacity, down by about 6 percentage point from June but fully restore throughput at its naphtha crackers, company spokesman K.Y. Lin said on Monday.
* Too soon to tell if fire at sister company would affect crackers
Asia's naphtha crack edged up 2 cents to $87 a tonne on Thursday, the highest since June 6, supported by firm demand. - But improving supplies impacted fundamentals and spot naphtha premiums came tumbling down after hitting near four-year highs in late May. - Taiwan's Formosa...
Taiwan's Formosa Petrochemical Corp has bought lower naphtha volumes for February than January due to fewer days next month and also because it is returning to using alternative feedstock, traders familiar with the matter said on Friday.
* Says its unit FG LA LLC acquires land in Louisiana in U.S. for $34.65 million
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