Formosa Petrochemical has shut down its refinery in Mailiao, Taiwan, including a base oil plant with 9,800 barrels per day API Group II capacity, following a fire at a propylene unit on Saturday.
A Formosa Petrochemical spokesman confirmed to Lube Report that following the fire on Saturday morning, the company could not project when production would resume.
Bloomberg reported Monday that Formosa Petrochemical declared force majeure on oil-product exports from the Mailiao refinery following the shutdown.
The base oil unit shutdown was reported Monday by ICIS, which said it forced Formosa Petrochemical to cancel all its term and spot base oil shipments scheduled to load after the first week of August.