Petrochemicals
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.
Iran war causes major oil, gas disruptions
The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.
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.
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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
