Trade Resources Industry Views Formosa Plastics USA Has Lifted Force Majeure Declarations

Formosa Plastics USA Has Lifted Force Majeure Declarations

Tags: Polypropylene, PE

Formosa Plastics USA has lifted force majeure declarations on its output of high molecular weight film polyethylene and polypropylene, company spokesman Steve Rice said Monday.

The company issued the force majeure declaration on all of its high molecular weight film polyethylene products on May 6 following a fire that injured 14 workers at its Point Comfort, Texas, petrochemical complex.

No other operations at the complex were affected by the fire, which started in an ethylene purification unit that is part of polyethylene No. 1 production unit.

The company previously said the investigation did not uncover significant damage to its production equipment, but there was some damage to ancillary equipment.

Formosa's high molecular weight film polyethylene capacity at Point Comfort was not immediately available.

The company cited unplanned outages at its Point Comfort polypropylene production units as the reason for that force majeure declaration, which was issued June 11.

Formosa has an estimated polypropylene capacity of 1.5 billion lb/year at the Point Comfort facility.

Source: http://news.chemnet.com/Chemical-News/detail-2053550.html
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Formosa Lifts High Molecular Weight Film PE, Polypropylene Force Majeures
Topics: Chemicals