226:
209:
192:
172:
591:
The state permits were voided by Judge Trudy White of the 19th
Judicial District of Louisiana in September 2022, who ruled the decision to issue the permits was "arbitrary and capricious". Judge White held that the state relied on "selective" and "inconsistent" data, failed to consider the cumulative
519:
To help ensure that the project went forward, the state of
Louisiana offered a $ 12 million grant to offset the cost of infrastructure upgrades, and provided both Quality Jobs and Industrial Tax exemptions. In addition, Louisiana Economic Development (a state workforce training agency) agreed to give
573:
to assess the project's environmental impacts. The Corps initially approved construction, but environmental activists sued, arguing the agency had not considered all factors required by law. A federal district court agreed to hear the case, pausing the project. On
November 4, 2020, the Corps pulled
523:
Formosa
Petrochemical announced it would go ahead with the project in April 2018, and that it would generate 1,200 permanent jobs. The help mediate some of the problems construction would bring to the area, Formosa Petrochemical promised to build a local park, rebuild area roads, and provide
613:
The
Quality Jobs program offers a tax rebate of up to 6 percent of annual gross payroll for up to 10 years. It also offers a rebate on the state's sales/use tax, or a 1.5 percent facility expense rebate on total capital investment. The Industrial Tax program offers an 80 percent
489:. If built, the Sunshine Project plant would be one of the largest ethylene plants in the world, with 14 separate units covering 2,400 acres (970 ha), and the world's largest production facility for plastics and the raw materials to make plastics.
1092:
496:
cracker and associated facilities would be built on the downstream side of the site first. In the second phase, a plant would be built to convert ethane to ethylene and low- and high-density
562:
standards. The 15 different certificates approved the release of 1,600,000 pounds (730,000 kg) of toxic chemicals annually, doubling St. James Parish's overall toxic emissions.
1087:
581:
Environmental groups brought a second lawsuit in federal court, arguing that the Corps' analysis of impact on wetlands was inaccurate. That lawsuit was dismissed in
January 2021.
802:
592:
impact of pollutants, and generally did not provide evidence to support its decision. In response to the ruling, Formosa
Plastics said it still intended to build the plant.
1102:
892:
659:
Formosa
Petrochemical Corporation and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2020 and 2019. Report of Independent Auditors
527:
The plant was opposed by state and national environmental and health activists, who said the plant would emit too many cancer-causing pollutants in a historically
738:
658:
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428:, and similar products. The second is the refining, marketing and sales of olefins. The third is the generation of electricity and steam from
1005:
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585:
156:
287:
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344:
273:
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408:
The company has three primary businesses. The first is refining, marketing and sales of refined petroleum products like
863:
486:
140:
943:
513:
447:
980:"Key air permits granted for $ 9.4B Formosa Plastics complex in St. James Parish; opponents promise fight"
398:
374:
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its permit for the
Sunshine Project, saying it had found an error in its analysis. This made the lawsuit
917:
402:
71:
552:
709:
548:
85:
1035:"Judge tosses lawsuit over permit for $ 9.4 billion Formosa plastic complex; here's what's next"
683:
136:
540:
482:
175:
833:"Why this Louisiana plastics plant has become a national lightning rod for environmentalists"
558:
The state of
Louisiana issued permits in January 2020 certifying that that project met state
528:
310:
218:
501:
893:"Army Corps To Assess Environmental, Health Impacts Of Contentious Formosa Plastic Plant"
547:
concluded the plant would double the amount of cancer-causing pollutants in the town of
536:
439:
As of 2021, Formosa Petrochemical was the second largest oil refiner in Taiwan, behind
432:
of its refining activities. Its major subsidiary is Formosa Oil, which owns a chain of
57:
1076:
615:
559:
505:
417:
382:
119:
65:
520:
Formosa Petrochemical access to its FastStart workplace skills development program.
500:. The Phase Two plant would be easily customizable to produce low- and high-density
532:
497:
429:
397:
Formosa Petrochemical was founded on April 6, 1992, as a wholly-owned subsiaary of
317:
152:
42:
474:
433:
544:
463:
370:
184:
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In August 2021, the Corps of Engineers said it would conduct an entirely new
492:
Formosa Petrochemical proposed a 10-year, two-phase construction process. An
75:
508:, and other ethane derivatives. Other facilities to be constructed included
467:
362:
543:
problems. A study commissioned by the nonprofit investigative news agency
365:, distribution of refined petroleum products, the production and sales of
575:
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443:. The company owns and operates the only privately-owned refinery and
493:
386:
366:
352:
160:
124:
770:"Formosa petrochemical Studying $ 9.4-Billion U.S. Plant Investment"
618:
for five years, and an option to renew for an additional five years.
803:"Taiwan's Formosa advances $ 9.4-billion Louisiana petchem project"
369:, and the generation of electricity and steam. It was founded as a
201:
473:
In 2015, Formosa Petrochemical began studying whether to build a
509:
1006:"St. James Plastic Manufacturing Mega-Plant Could Be Canceled"
710:"Taiwanese Refiner Formosa Gets Green Light for Share Listing"
401:. The company went public in 2003, its shares listed on the
864:"In 'Cancer Alley,' Judge Blocks Huge Petrochemical Plant"
1064:
238:
361:) is a Taiwanese energy company engaged in refining of
458:
Since 1981, Formosa Plastics Group has operated three
565:
Because the Sunshine Project plant would infringe on
322:
16:
Taiwanese petroleum refining and distribution company
1093:
Non-renewable resource companies established in 1992
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524:financial support for a nearby elementary school.
377:, and went public in 2003. It is headquartered in
512:, an electrical power generating plant, roads, a
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1088:Companies listed on the Taiwan Stock Exchange
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32:
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481:production plant on the west bank of the
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1103:Taiwanese companies established in 1992
657:Formosa Petrochemical (15 April 2021).
639:Formosa Petrochemical (10 March 2022).
631:
606:
260:
1033:Mitchell, David J. (5 January 2021).
978:Mitchell, David J. (7 January 2020).
733:
731:
144:Keh-Yen Lin, Executive Vice President
7:
862:Friedman, Lisa (15 September 2022).
1004:Wendland, Tegan (5 November 2020).
739:"Formosa Petrochemical Corporation"
944:"Industrial Tax Exemption Program"
891:Wendland, Tegan (18 August 2021).
831:Mitchell, David J. (1 June 2021).
551:and triple them in the village of
535:", contribute millions of tons of
358:Tái sù shíhuà gǔfèn yǒuxiàn gōngsī
324:Tái sù shíhuà gǔfèn yǒuxiàn gōngsī
49:Tái sù shíhuà gǔfèn yǒuxiàn gōngsī
14:
341:Formosa Petrochemical Corporation
1083:Companies based in Yunlin County
225:
224:
208:
207:
191:
190:
171:
170:
586:environmental impact assessment
253:Footnotes / references
157:Refined petroleum product sales
948:Louisiana Economic Development
922:Louisiana Economic Development
516:, and water intake pipelines.
357:
348:
323:
293:
279:
113:No. 1-1, Taisu Industrial Park
1:
1010:WWNO New Orleans Public Radio
897:WWNO New Orleans Public Radio
441:Chinese Petroleum Corporation
684:"Formosa Petrochemical Corp"
571:U.S. Army Corps of Engineers
462:manufacturing plants in the
569:, federal law required the
487:St. James Parish, Louisiana
161:Olefin production and sales
1119:
514:wastewater treatment plant
229:NT$ 312.627 billion (2020)
212:NT$ 215.309 billion (2020)
195:NTN$ 49.364 billion (2021)
539:, and worsen the world's
334:
300:
268:
251:
33:
578:, and it was dismissed.
288:Traditional Chinese
1098:Oil companies of Taiwan
531:area already known as "
274:Simplified Chinese
661:(Report). pp. 6–7
399:Formosa Plastics Group
375:Formosa Plastics Group
178:620.062 billion (2021)
97:; 32 years ago
807:Oil & Gas Journal
403:Taiwan Stock Exchange
264:Formosa Petrochemical
22:Formosa Petrochemical
1039:Baton Rouge Advocate
984:Baton Rouge Advocate
837:Baton Rouge Advocate
743:Dun & Bradstreet
774:Butane-Propane News
714:Energy Intelligence
646:(Report). p. 3
23:
868:The New York Times
393:Corporate overview
153:Crude oil refining
86:Petroleum industry
776:. 22 October 2015
716:. 2 December 2003
541:plastic pollution
483:Mississippi River
450:plant in Taiwan.
338:
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311:Standard Mandarin
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95:6 April 1992
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1065:Official website
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379:Mailiao Township
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809:. 24 April 2018
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641:FY 2021 Results
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1042:. Retrieved
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873:16 September
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648:. Retrieved
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533:Cancer Alley
526:
522:
518:
498:polyethylene
491:
477:9.4 billion
472:
457:
438:
434:gas stations
430:cogeneration
407:
396:
356:
340:
339:
318:Hanyu Pinyin
252:
219:Total equity
202:Total assets
110:Headquarters
54:Company type
18:
28:Native name
1077:Categories
596:References
545:ProPublica
464:U.S. state
371:subsidiary
349:台塑石化股份有限公司
294:台塑石化股份有限公司
280:台塑石化股份有限公司
185:Net income
132:Key people
102:1992-04-06
34:台塑石化股份有限公司
626:Citations
553:St. James
468:Louisiana
363:crude oil
141:President
137:Minh Tsao
66:Traded as
43:Romanized
650:28 April
567:wetlands
479:ethylene
460:plastics
448:cracking
422:kerosene
414:gasoline
410:fuel oil
149:Products
82:Industry
549:Convent
445:naphtha
426:naphtha
367:olefins
345:Chinese
234:Website
167:Revenue
100: (
92:Founded
950:. 2022
924:. 2022
745:. 2022
690:. 2022
494:ethane
387:Taiwan
355::
353:pinyin
347::
125:Taiwan
1044:5 May
1015:5 May
989:5 May
954:5 May
928:5 May
902:5 May
842:5 May
813:5 May
780:5 May
749:5 May
720:5 May
694:5 May
665:4 May
644:(PDF)
601:Notes
510:docks
385:, in
241:.fpcc
1046:2022
1017:2022
991:2022
956:2022
930:2022
904:2022
875:2022
844:2022
815:2022
782:2022
751:2022
722:2022
696:2022
667:2022
652:2022
576:moot
243:.com
176:NT$
76:6505
72:TWSE
45:name
485:in
466:of
373:of
245:.tw
239:www
1079::
1037:.
1025:^
1008:.
982:.
964:^
946:.
920:.
895:.
883:^
866:.
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835:.
823:^
805:.
790:^
772:.
759:^
741:.
730:^
712:.
686:.
675:^
655:;
588:.
555:.
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343:(
122:,
104:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.