Formosa Plastics pledges assistance to Taiwanese Government's Environment Plan

Formosa Plastics Corp. (FPC) has pledged to provide personnel and expenditure to help the Taiwanese government with forestation, thus supporting its Environment Plan. This pledge is being made in a bid to reduce the country's volume of greenhouse gas emissions, and will be used to grow tree species with high economic value selected by the Forestry Bureau under the Council of Agriculture. Fruits of the plantation will belong to the government. Formosa has not limited the ceiling of the plantation areas and expenditure, as long as the central or local governments provide land. The group will allot up to NT$350 mln (US$11.4 mln) for every 1,000 hectares of land, to finance plantations and follow-up maintenance. The plan will be initiated by the FPC and the government on a 15-hectare plot of land in southern Taiwan.
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