Formosa Petrochemical to proceed with $9.4-billion Louisiana cracker project

SourceChemical Week
Date Published04/23/2018
Author NameClay Boswell

Additional Reshoring Information:

Company/Division name Formosa Petrochemical Corp
Parent companyFormosa Plastics Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Capital investment ($):9300
Country(ies) from which reshored:China,Taiwan, Province of China
City reshored to:St. James Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Product(s) reshoredethylene plant
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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