MOSCOW (MRC) -- Formosa Plastics plans to build a monoethylene glycol (MEG) plant and another polyethylene (PE) unit at its Point Comfort complex in Texas, according to air-permit applications, as per Plastemart.
The initial pages of the applications do not list the capacity of the plants or the grade of the PE. Construction on the second PE plant should start in Q4-2015, and it should start operations in December 2017. Construction on the MEG plant should start in November 2015, and operations should start in September 2017.
While Formosa will build and operate the MEG plant, it will be owned by Nan Ya, a polyethylene terephthalate (PET) producer that is part of Formosa Plastics Group (Taiwan).
The PE plant would be the second new one that Formosa plans to build at Point Comfort.
As MRC reported earlier, the company has already started construction on a low-density polyethylene (LDPE) plant at Point Comfort as well as an ethane cracker and a propane dehydrogenation (PDH) unit.
Formosa Petrochemical is involved primarily in the business of refining crude oil, selling refined petroleum products and producing and selling olefins (including ethylene, propylene, butadiene and BTX) from its naphtha cracking operations. Formosa Petrochemical is also the largest olefins producer in Taiwan and its olefins products are mostly sold to companies within the Formosa Group. Among the company's chemical products are paraxylene (PX), phenyl ethylene, acetone and pure terephthalic acid (PTA). The company's plastic products include acrylonitrile butadiene styrene (ABS) resins, polystyrene (PS), polypropylene (PP) and panlite (PC).