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Kraton-Formosa joint venture to produce HSBC polymer grades

August 11/2011

(Plastemart) -- Kraton Performance Polymers (Kraton) Formosa Petrochemical Corporation (FPCC) hae inked an agreement for a 50:50 joint venture to construct and operate a 30 kiloton hydrogenated styrenic block copolymer HSBC plant, to be located in Mailiao, Taiwan. The plant will be operated by the joint venture and Kraton will undertake the global marketing of all products manufactured at the facility. This is subject to the completion of the necessary definitive agreements.

The agreement establishes a framework between Kraton and FPCC governing all commercial, operational, technical and management aspects of the planned joint venture company. The paper work will be finalized by end of 2011 and the plant operations will in the H2-2013. The cost of the plant is currently expected to range from USD 165-200 mln.

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