Taiwan's Formosa Petrochemical Corp., Asia's top naphtha buyer, has restarted its No. 1 naphtha cracker following a maintenance period that extended almost a week longer than planned, a spokesman told Dow Jones Newswires Friday.
The No. 1 cracker, with an annual capacity of 700,000 metric tons, was supposed to restart last week, after it was shut for a 45-day planned maintenance June 19.
It usually takes two to three days after a shutdown to ramp up run rates to full capacity, the spokesman said.
Formosa will shut its No. 2 cracker--with an annual capacity of 1.035 million tons--Aug. 15 for one month to comply with government regulations that require checks at the unit, after a fire in July last year.