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Formosa Plastics Plans Big Cracker in the U.S. Using Shale Gas-Based Feedstock

5:50 AM MDT | July 29, 2011 | Natasha Alperowicz

Formosa Plastics is planning to spend in excess of $1.5 billion to build a large ethylene plant at the company's Point Comfort, TX site, chairman Li Chih –tsun says. Formosa had considered building a 450,000-m.t./year ethylene unit at the site but it has expanded the project to 800,000 m.t./year, partly to take advantage of availability in the U.S. of feedstock derived from shale gas. Approval of the project is expected in 2012 and completion is slated for 2015, at the latest. It will be Formosa’s third olefins complex in the U.S., adding to the...

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