Formosa Petrochemical invokes force majeure on petrochemical production due to Middle East tanker delays. The disruptions hinder crude feedstock deliveries, impacting operations. The company cites external logistical challenges as the primary cause.
Formosa Petrochemical reports a **66% year-over-year revenue increase** in September, reaching **NT$86.9 billion** (up from NT$52.5 billion). The growth stems from higher selling prices across its operations, including refining and petrochemicals. The company’s consolidated operating revenue reflects strong demand in key markets.
Formosa Petrochemical Corp. increases Taiwan’s refinery output by receiving **2 million barrels of Saudi Arabian crude** via the Liberian-flagged *FPMC C Lord* at Mailiao Port. The delivery, managed by Formosa Plastics Marine Corp, aims to replenish depleted inventories amid slowed domestic processing caused by overseas shipping delays. The move supports Taiwan’s energy security as a key private refiner.
Formosa Chemicals declares unforeseeable circumstances due to Middle East conflict disruptions. The company follows industry peers in citing raw material shortages as a key operational challenge. Supply chain instability in the region affects chemical production inputs globally.
