Taiwan's Formosa Petchem Issues Force Majeure as Iran War Disrupts Feedstock Delivery
03.10.2026 By Tank Terminals - NEWS

March 10, 2026 [Reuters]- Taiwan’s Formosa Petrochemical Corp (FPCC) has issued a force majeure notice on some of ​its petrochemical supplies due to feedstock delivery delays stemming ‌from shipping disruptions in the Strait of Hormuz, a spokesperson said on Tuesday.

 

Products affected include ethylene and propylene, said FPCC spokesperson ​KY Lin.

“Our No.2 and No.3 crackers are still operating ​at around 70% for now,” Lin said, adding ⁠that the refiner is considering shutting one cracker if “naphtha ​feedstock does not come at all”.

Steam crackers break down feedstocks ​such as naphtha into smaller molecules like ethylene and propylene, used to make plastics.

FPCC’s No.2 and No.3 crackers at its Mailiao site ​can produce up to 1.335 million metric tons per ​year of ethylene, while its No.1 cracker is currently not in operation.

For refined ‌fuel ⁠products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot ​availability for ​April, Lin said.

As ⁠of today, the refinery is processing around 490,000 barrels per day (bpd) of crude, although ​the situation could change as some crude ​deliveries “will be ⁠affected” after March 20, he added.

FPCC is slated to shut its No.2 crude unit for a scheduled maintenance in the ⁠next ​few days, Reuters had earlier reported.

The ​privately owned refiner has a total crude processing capacity of 540,000 bpd.

 

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