Friday, July 29, 2011

Formosa Plastics Group will invest US$413 mln in pipeline improvement

Formosa Plastics Group will invest about US$413 mln to improve pipelines at a major oil refinery amid fresh safety concerns after recent blazes. The group plans to work on 1,063 pipelines totaling 1,2266 kilometres (786 miles) at its affiliate Formosa Petrochemical Corp.

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