Formosa Plastics USA has declared force majeure on its Linear Low density Polyethylene units and other polyethylene products. Recently Olefins 1 units was shutdown and is likely to require more time to recover and is currently projected to restart in the second half of February.
Formosa has production capacities of 693,000 tonnes/year of high density polyethylene (HDPE) and 365,000 tonnes/year of LLDPE at its Point Comfort, Texas in USA.
