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.
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