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Daily Wire


PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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Formosa announces later startup dates for Gulf Coast expansions

HOUSTON, December 26, 2018 (PCW) -- Formosa Plastics confirmed today that it has pushed back the expected startup dates for its first wave of Gulf Coast capacity expansions, which include olefins, polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC).

Introduction of gas feed to the third olefins plant (1.75 billion lbs/yr) in Point Comfort, TX is now scheduled for 2H 2019. Previously the company said that would occur in 1Q 2019.

Steady state commercial operations of the LDPE and HDPE/LLDPE expansion units (both 880 million lbs/yr) in Point Comfort, TX are now expected in 2H 2019, versus 1H 2019 previously.

Steady state commercial operation of the PP expansion unit (550 million lbs/yr) in Point Comfort, TX is now expected in 2H 2020, versus 1H 2019 previously.

Also, a 300 million lb/yr expansion of Formosa's Baton Rouge, LA PVC plant is under construction and scheduled for steady state commercial operation in 4Q 2021. Startup of that project was initially scheduled for 2020, according to Formosa's announcement a year ago.

Formosa said it has already completed debottlenecking of a cryogenic plant in Point Comfort and has started up a second fractionator there as well. -- David Barry

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