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Formosa Plastics plans acrylates complex in China.
(From Chemical Business NewsBase - Chemical Week)
$150 M is to be invested by Formosa Plastics Group in an acrylates complex at Ningbo in China. The complex will have a capacity to produce 160,000 tonnes/y acrylic acid and 230,000 tonnes/y esters. A polyvinyl chloride unit will also be built at the site and a superabsorbents plant is being considered. Nippon Shkubai technology will be used. The plant will be operated and owned by Formosa Acrylic Esters Ningbo, a new subsidiary of Formosa Plastics. The plant is still subject to approval from the Taiwanese government. Formosa Plastics Group has 4 manufacturing subsidiaries: Formosa Petrochemical; Formosa Plastics; …
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