Formosa Plastics Group plans $2 billion expansion of Texas operations

11/24/2013 | Bloomberg

Formosa Plastics Group has applied for permits for a $2 billion expansion of its Texas operations, including an ethane cracker and downstream derivatives. "Because of shale gas, the cost of making petrochemical and plastic-related products is becoming very competitive here in the United States," said Vice Chairman Susan Wang. "It's probably as cost effective as in the Middle East."

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