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Formosa Petrochemicals shut its Phenol plant for maintenance

Taiwanese major petrochemical producer Formosa Chemicals and Fibre Corp (FCFC) has shut down its Phenol-Acetone plant at full capacity rates.

According to the sources, the units will remain off-stream for around 5-6 weeks.

The solvents plant which is located in Ningbo, Taiwan comprises of two lines with a combined production capacity of Phenol with 400,000 mt/year and Acetone with 250,000 mt/year.