Formosa Plastic Group (FPG), subsidiary of Formosa Petrochemical Corporation (FPCC), has decided to relinquish plans to participate in a mega ethylene project in Beilun Petrochemical Zone of Ningbo City. The complex had been planned with an annual crude oil refining capacity of 10 mln tons and ethylene capacity of 1.2 mln tons, just like FPG's existing complex in Mailiao offshore industrial zone.
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http://plastemart.com/plasticnews_desc.asp?news_id=12015&P=P
Wednesday, April 16, 2008
Formosa to opt out of Ningbo project in Mainland China
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