Formosa Plastics Still Set to Complete Point Comfort Olefins Project this Year

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Researched by Industrial Info Resources (Sugar Land, Texas)--Formosa Plastics Corporation USA's (Livingston, New Jersey) is still on track to complete its new Olefins 3 unit in Point Comfort, Texas, by the fourth quarter of this year, bringing 2.65 billion pounds per year of new capacity to the market. The U.S. could potentially see 11 billion pounds per year of new ethylene capacity online by the end of the year.

Click on the image at right to see a graph showing Formosa Plastics' U.S. project spending by state.

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