Taiwan's Formosa Plastics applies to the government to pursue investment projects to the tune of 230 bln twd

In a bid to expand petrochemical operations in Taiwan, Formosa Plastics group has applied to the government to pursue investment projects worth 230 bln twd. The group plans to expand capacity at 24 plants and build 15 new facilities. The new investments are being planned to raise the group's total petrochemical capacity by 12 mln metric tpa and increase naphtha cracker's annual capacity to 31 mln tpa.
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