Formosa restarts gasoline unit after fixing fault

Formosa Petrochemical Corp., Taiwan's second-biggest fuel supplier, has resumed production at a gasoline-making unit in Mailiao after repairing a mechanical fault. The closure of the 84,000 barrel-a-day plant, known as a residual fluid catalytic cracker, lasted from Dec. 19 until Dec. 24, Lin Keh Yen, a director at the refiner.

The unit converts heavier refined products such as residual fuel into higher-valued products including gasoline. Mailiao-based Formosa Petrochemical operates two such facilities. The refiner tapped into inventories due to the closure.