Formosa Plastics Corp. has announced that it will be investing more than USD 1.7 billion in capital equipment and construction at its Point Comfort, Texas site. This investment will increase the security and flexibility of the company’s raw and intermediate material supplies, as well as the reliability and breadth of the company’s products.
The investment consists of a new, grass-roots 800,000MT/Y olefins cracker, an associated 600,000MT/Y propane dehydrogenation (PDH) unit and a new 300,000MT/Y low density polyethylene (LDPE) resin plant. It will create an estimated 1800 construction jobs and, once completed, an additional 225 long-term operating and maintenance jobs.
The investment consists of a new, grass-roots 800,000MT/Y olefins cracker, an associated 600,000MT/Y propane dehydrogenation (PDH) unit and a new 300,000MT/Y low density polyethylene (LDPE) resin plant. It will create an estimated 1800 construction jobs and, once completed, an additional 225 long-term operating and maintenance jobs.
The PDH unit will produce additional propylene, increasing operational flexibility. The addition of the country’s newest LDPE resin plant will complement the company’s existing product line of Formolene polyethylene (PE) and polypropylene (PP) and Formolon polyvinyl chloride (PVC) and specialty PVC.
