(hydrocarbonprocessing) -- Formosa Plastics will build a
new, grass-roots 800,000 tpy olefins cracker, an associated 600,000 tpy propane
dehydrogenation (PDH) unit and a 300,000 tpy low density polyethylene (LDPE)
resin plant at its site in Point Comfort, Texas. Details on technologies, costs,
start-up dates and contractors were not released.
Formosa Plastics will
build a new, grass-roots 800,000 tpy olefins cracker, an associated 600,000 tpy
propane dehydrogenation (PDH) unit and a new 300,000 tpy low density
polyethylene (LDPE) resin plant at its site in Point Comfort, Texas, the company
said on Monday.
The moves - part of USD1.7 billion in capital investments - are largely based
on affordable US natural gas costs for use as feedstock, the company said. They
will create an estimated 1,800 construction jobs and, once completed, an
additional 225 long-term operating and maintenance jobs. |