Petrochemical Firms Under Force Majeure
Indonesia
PT Chandra Asri Pacific: Indonesia’s largest integrated petrochemical complex declared force majeure on all contracts on March 3, citing disrupted naphtha shipments.
Singapore
1. Petrochemical Corp of Singapore (PCS): Declared force majeure on shipments and significantly lowered cracker run rates.
2. Aster Chemicals and Energy: Declared force majeure on supplies, including ethylene and propylene, with its steam cracker running at roughly 50%.
3. Dairen Chemical: Declared force majeure at its Singapore operations due to "significant disruption" in feedstock supply.
South Korea
Yeochun NCC (YNCC): The nation's third-largest ethylene producer was the first in Korea to declare force majeure (March 4) after missing naphtha deliveries.
Taiwan
Formosa Petrochemical (FPCC): Invoked force majeure on select petrochemical shipments, specifically ethylene and propylene, due to feedstock delays.
Vietnam
Hyosung Vina Chemicals: Declared force majeure following the initial disruption in early March.
China
Wanhua Chemical: Declared force majeure on March 9 regarding supplies to the Middle East.
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