Updated Saturday, November 22, 2008 12:01 am TWN, Bloomberg Formosa shuts crude unit for scheduled maintenanceThe company plans to restart the plant around the end of December, Spokesman Lin Keh-yen said by telephone in Taipei Friday. Formosa Petrochemical, based in Mailiao on Taiwan’s west coast, has three crude distillation units, each with a capacity to process 180,000 barrels a day. These plants, which make up the bulk of refineries, heat crude oil to separate it into different fuel products. Lin said Formosa Petrochemical is also operating its No. 1 and No. 2 ethylene plants at 80 percent to 85 percent of capacity while keeping the No. 3 unit closed because of weak demand. Subscribe to The China Post and save. Click here Related Stories | Taiwan Breaking News Most Read |