US petrochemicals producer Formosa Plastics is in the process of restarting its Olefins No 2 steam cracking unit at its complex in Point Comfort, Texas, the company said Tuesday.
The emissions event associated with the startup was to be completed by Wednesday morning, the company said in a filing with the Texas Commission on Environmental Quality.
The steam cracker was shut Wednesday after a process upset, market sources said last week.
The cracker’s ethylene production capacity is estimated at 816,000 mt/year.
In the spot market Tuesday, January ethylene was heard to have traded at 35.75 cents/lb Mont Belvieu Williams, while February was heard concluded at 35.875 cents/lb MtB Wms. January was heard in the bid/offer range of 34-35.75 cents/lb MtB Wms. Platts last assessed US spot ethylene Friday at 36.5-37 cents/lb FD USG for January and 36.75-37.25 cents/lb FD USG for February.
– Platts.com
