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
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant 4/14
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
