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Formosa mulls US olefins expansion

November 17/2010

(ICIS) -- Formosa Plastics is considering expanding its US olefins capacity as a result of cost advantages for feedstock natural gas, but the company on Tuesday said a final decision had yet to be made.

The company has two crackers in Point Comfort, Texas, with a combined ethylene capacity of 1.5m tonnes/year.

Despite the cost advantage derived from natural gas, Formosa expressed concerns about increased regulation in the US, citing the Environmental Protection Agency's (EPA) greenhouse gas (GHG) emission rules scheduled to take effect in January 2011.

"The decision to move forward [with the expansion] may depend, in part, on the granting of a 2-year postponement of the US EPAТs uncertain greenhouse gas permitting,Ф Rice said in an e-mail.

Formosa is one of several business groups in the US calling for a delay by the EPA.


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