Ministry of Economic Affairs: Formosa Plastics to Increase Polyethylene Output by 5,000 Tons for Shipment Tomorrow, Expected to Ease Plastic Bag Shortage
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Taiwan's Ministry of Economic Affairs announced that Formosa Plastics will increase polyethylene production by 5,000 tons, with shipments starting tomorrow, to alleviate the plastic bag shortage. CPC Corporation, Taiwan, has a tanker loaded with 2 million barrels of crude oil expected to arrive within two weeks, covering over half a month of domestic demand. The Ministry has implemented five measures, including increasing raw material supply and accelerating production, to stabilize petrochemical material supply.
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