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

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers