Kraton Formosa JV build HSBC plant in Taiwan

Kraton and Formosa JV to build HSBC plant in Taiwan

2:49 PM, 15th July 2011
Kraton and Formosa JV to build HSBC plant in Taiwan

 

HOUSTON, US: Kraton Performance Polymers and Formosa Petrochemical Corporation will jointly construct and operate a 30,000 metric tonne/year hydrogenated styrenic block copolymer (HSBC) plant to be located in Mailiao, Taiwan.

The two companies have agreed to form a 50/50 joint venture to execute the project. Kraton and FPCC expect to finalize documentation by December 31, 2011 and currently plan to have the plant operational in the second half of 2013. The cost of the plant is currently expected to be in the range of $165 to $200 million.

“In response to growth in global demand for our differentiated grades of HSBC’s, we have been evaluating alternatives for additional capacity that would employ Kraton’s latest technology for producing HSBC’s. This announcement is the result of a comprehensive one-year site selection process involving significant Kraton resources, during which we considered several possible investment alternatives,” said Kevin M Fogarty, President and CEO, Kraton.

The new plant will incorporate Kraton’s proprietary polymerization technology, to produce high value-added HSBC polymer grades. The plant will be operated by the joint venture and Kraton will undertake the global marketing of all products manufactured at the facility.

© WOC News

 

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