Here is update on Taiwans Formosa Petchem’s expansion originally released in 2007 for the 93-100MBD expansion portion on the 3 existing crude units but this version includes a +127MBD (total 764MBD) & $US 802 million expansion on a 4th crude unit & new Coker with targeted 2012 completion, and making it larger than competitor China CPC with 720 MBD plant.
The global demand will obviously have big impact on this projects timeline since it exports 55-60% of its products.
Regards
