Cracking
Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery
Asia/Pacific
/ Crude oil
/ Diesel
/ Cracking
/ Gasoline
/ Maintenance & Reliability
/ Petrochemicals
/ Refining
/ Aviation Fuel
/ Fuel Oil
For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.
Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies
Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.
Current Digital Edition
Sign up to Receive Our Newsletter
Latest News
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
- Japan to boost intermediate chemical imports amid tighter naphtha supply 4/6
- Five EU countries call for windfall tax on energy companies 4/6
Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
