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
- Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant 4/14
- Technip Energies awarded two FEED contracts by SOGARA for refinery complex in Gabon 4/14
- SUBLIME Energie inaugurates world's first system capable of liquefying biogas into a renewable fuel 4/14
- IEA ready to further tap global oil reserves if needed, chief says 4/14
- Russia’s Rosneft diverts oil to Tuapse refinery from drone-hit Novorossiysk port 4/14
- How China is plugging energy supply gaps left by U.S.-Iran conflict 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
