Formosa Chemicals to invest US$191 mln In Ningbo PTA plant

Formosa Chemicals & Fibre Corp. plans to inject US$191 mln in a purified terephthalic acid (PTA) plant in Ningbo, Zhejiang province. The scope of the investment is still unclear. Formosa plans to set up a new plant in Ningbo to produce phenol and acetone, with an initial investment of US$50.4 miln.
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