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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Formosa Updates Plans for U.S. Expansion

12:10 PM MST | February 27, 2012 | Lindsey Bewley

Formosa Plastics says it will invest about $1.7 billion at its Point Comfort, TX site to build a new, grassroots 800,000-m.t./year ethane cracker, an associated 600,000-m.t./year propane dehydrogenation (PDH) unit and a new 300,000-m.t./year low-density polyethylene (LDPE) resin plant. Start-up is expected in 2016, Formosa says.

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