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Formosa considers building new petchem complex in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/09/2015 (13:25)
According to media reports, Formosa Petrochemical plans to build a new ethane cracker and PE plant in St. James Parish, Louisiana, the US. The estimated investment value was reported at around $9.4 billion. The company is expected make a final investment decision on the project by the middle of 2016.

If the company decides to proceed with the project, construction of the first phase of the two-phased project will start in 2016 while the second phase is slated to begin in 2022. The proposed complex will produce ethylene derivatives including HDPE, LDPE and MEG while details regarding the capacity of the proposed complex were not disclosed.
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