InfoAnda - Taiwan Formosa refinery shut after fire-spokesman

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan Formosa refinery shut after fire-spokesman Reuters - 2 hours 14 minutes ago Send IM Story Print * Entire 540,000 bpd refinery shut after fire * One CDU seen shut for an extended period * Fire comes after two other incidents at Mailiao By Seng Li Peng and Lin Miao-jung TAIWAN/SINGAPORE, July 26 - Formosa Petrochemicals Corp's <6505.TW> 540,000 barrels per day refinery in Taiwan has been closed after a fire, and one-third of the capacity could be out for an extended period, the company said on Monday. Company spokesman Lin Ke Yan said one of the crude distillation units could be shut for a long period, without giving a timeframe, while the other two could restart within two days. The blaze, which started at an 80,000-bpd residual desulphuriser on Sunday evening, is still flaring but is under control, the company said. "The fire started at the RDS, and is not directly connected to the three CDUs. But for safety reasons, we decided to shut the entire refinery temporarily," he said. The fire broke out around 8 p.m. local time at the residue desulphurising unit in the Mailiao refinery and petrochemical complex, Asia's fifth biggest. It was still being dealt with on Monday, the company said, adding there were no deaths or injuries. Officials from the county where the refinery is based said on Monday they would meet to discuss any action after the fire. "Three fires in just half a year we find hard to believe and think the company needs to conduct a review," a news official from southwestern Taiwan's Yunlin County told Reuters. Shares of Formosa Petrochemical slid 1.7 percent on Monday, against a 0.2 percent increase for the broader market <.TWII>. A semi-official Taiwan news agency reported that local residents were urging that the plant be closed. Formosa was also forced to shut one of its two 84,000-bpd gasoline-making residue fluid catalytic cracker at the complex on July 13 due to mechanical problems. The unit failed to restart on schedule last Friday due to technical issues. It was not immediately known if the RFCC had come back online at the weekend as planned. [ID:nSGE66M0DH] An explosion at Formosa's 700,000 tonne-per-year No. 1 naphtha cracker on July 7 also forced the company to shut the unit, which is located at a different site at Mailiao. The naphtha cracker is expected to resume late September or early October. [ID:nSGE6660GD] (Additional reporting by Ralph Jennings in Taipei; Judy Hua, Luke Pachymuthu and Jennifer Tan in SINGAPORE; Editing by Michael Urquhart and Ramthan Hussain) Recommend Send IM Story Print Related Articles Asia pushes higher after Europe 'stress tests' AFP - 18 minutes ago MONEY MARKETS-U.S. 2-yr swaps widen after stress tests Reuters - 29 minutes ago Cosmo Oil sees Aug-Sept crude runs down 10.2 pct Reuters - 31 minutes ago China stocks end up 0.7 pct at 1-month closing high Reuters - 35 minutes ago European shares rise in early trade; banks gain Reuters - 38 minutes ago News Search Top Stories German banks did not reveal full debt details: report China developing gas reserves, will cut imports US' Geithner rejects fears of double dip recession BP chief likely to resign in wake of US oil spill Profile of BP chief Tony Hayward More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended BP boss 'set to resign within 24 hours' Actress Zsa Zsa Gabor in 'critical condition': publicist China sends pandas into wild to bring up cubs BP chief likely to resign in wake of US oil spill Profile of BP chief Tony Hayward More Most Viewed » Parachuting donkey shocks Russian beachgoers Paris Hilton caught with cannabis in handbag Germany's 'Octopus oracle' keeps perfect record More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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