Formosa Plastics Group

Wison Engineering delivered the first batch of 28 modules for Formosa Plastics' LDPE pipe rack modularization project in Texas, under an EPFC contract awarded in July 2017.

Formosa Plastics Corp., a subsidiary of Taiwan's Formosa Plastics Group, plans to build a new PDH unit in Ningbo, China, with an $800 million investment. The plant will have a propylene production capacity of 600,000 tons/year and is slated for completion by the end of 2021.

Formosa Plastics Corp. plans to invest USD 800 million to build a propane dehydrogenation (PDH) production base in Ningbo, Zhejiang Province, China, to produce propylene. Construction is expected to start after regulatory approval and be completed by the end of 2021.

Formosa Plastics Group also plans a $5 billion investment to expand production lines in Texas, with completion expected by 2018.

Formosa Plastics Group is seeking a permit from Louisiana to invest $9.4 billion to build petrochemical plants in St. James, including an ethane cracker and propylene plant in phase one, and a second ethylene plant in phase two.