Taiwan's Formosa plans to build new PDH plant in China
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, Formosa Plastics Corp., a subsidiary of Taiwan’s Formosa Plastics Group (FPG), is planning to build a new PDH unit in Ningbo, China.
The company’s $800 million investment plan includes constructing a new PDH plant to ensure steady propylene supply for production. The new plant will reportedly boost the company’s propylene production capacity to 600,000 tons/year upon its slated completion by the end of 2021.
Formosa will also increase investment in its subsidiary by $267 million, the media reported.
The company’s $800 million investment plan includes constructing a new PDH plant to ensure steady propylene supply for production. The new plant will reportedly boost the company’s propylene production capacity to 600,000 tons/year upon its slated completion by the end of 2021.
Formosa will also increase investment in its subsidiary by $267 million, the media reported.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Will Europe’s PE market manage to defy pressure in December?
- Turkey's polymer markets deadlocked as lira’s freefall shatters all records
- Homo-PP downturn in full swing in China
- Bearish pressure mounts on SE Asian PE markets
- Oil faces demand pressure from renewed Covid-19 fears
- Europe PET market hovers around a decade-high, Asia stumbles
- Turkey's import PE market set to reverse course in December
- Sentiment in China PP, PE markets turns bearish again
- Taiwanese major’s Dec PVC price cuts deeper than expected
- Egypt’s PP, PE prices see corrections as buyers resist firm offers
