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Formosa Plastics plans to build ethylene plant in Louisiana

10:06 AM MST | January 16, 2014 | Natasha Alperowicz

Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports citing Formosa Plastics’ chairman Lee Chin-tsuen. Lee was speaking to Formosa employees in Kaohsiung, Taiwan, on Tuesday at the company’s end-of-year party. Lee made the statement a day after the governor of Louisiana, Bobby Jindal, visited the company at Taipei.   Formosa Plastics is already developing a 1.2-million m.t./year ethylene plant at Point Comfort, TX. “The governor called on us to invest not only in...

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