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(Plastemart) -- In view of the
current unfavourable climate vis a vis petrochemical projects and the
environment, Formosa Plastics Group (FPG) may indefinitely postpone the
fifth-stage expansion of its petrochemical complex in Mailiao industrial zone,
in southern Taiwan`s Yunlin County, according to the Chinese-language Economic
Daily News (EDN).
Currently, the presentation of the fifth-stage expansion project may make
it a target of political cross fire, due to the approaching presidential
election. Yunlin County government, for instance, strongly objected the
fifth-stage expansion project, due to the frequent occurrence of public-safety
incidents at FPG`s petrochemical complex.
As a result, FPG seems more inclined to place priority on pushing the
fourth-stage expansion project, environmental assessment statement of which has
been approved. The fourth-stage project, however, still has to undergo
assessment of difference for environmental impact, due to revision of its
contents. To ensure the passage of the revised fourth-stage expansion project,
FPG plans to abandon some items, such as oil refinery, involving higher
pollution, and add new items for the production of higher value-added products,
such as hydrogenated rubber.
mrcplast.com
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