The US Environmental Protection Agency has issued a greenhouse gas permit for an olefins plant and low density polyethylene unit at Formosa Plastics' Point Comfort, Texas, complex, allowing construction to commence, as per Platts. The project will involve the construction of the complex's third olefins plant and a propane dehydrogenation unit, consisting of 14 cracking furnaces, four PDH reactors, four steam boilers, and other associated equipment, the company said in the permit application. The new Olefins 3 plant and PDH unit will increase the high purity ethylene production capacity of the facility by about 1.75 mln st/year, according to the application. Formosa applied for the permit December 11, 2012, as per EPA data.
"Formosa is expanding its chemical complex and taking three actions with its turbines unit, olefins unit and low density polyethylene (LDPE) unit. The expansion alone will bring over $2 billion in capital investments, create 1,800 construction jobs and 225 long-term operations jobs in the local area," EPA said.