4.448 billion!

On October 9, 2019, the "Second Information Announcement of the Environmental Impact Assessment of the Propane Dehydrogenation Project of Formosa Plastics Industry (Ningbo) .

The EIA report shows that the project investment is about 448 billion yu.

The construction period of the project is about 24 mont.

The Formosa Plastics Industrial Park project was planned and implemented in stag.

From 2002 to 2004, Formosa Plastics affiliated companies invested and implemented 9 petrochemical downstream and supporting projects in Formosa Plastics Industrial Park, including: 300,000 tons/year PVC, 250,000 tons/year ABS, 230,000 tons/year AA(AE), 200,000 tons/year PS, 600,000 tons/year PTA, 450,000 tons/year PP, 30,000 tons/year SAP, 3′150,000 KW self-provided thermal power plant, heavy industry machinery plant, collectively referred to as Formosa Plastics Ningbo Phase I Proje.

Since 2010, Formosa Plastics affiliated companies have successively implemented 15 first-phase expansion projects in the reserved land for the first-phase project of Formosa Plastics Industrial Park, with a total investment of about 5 billion US dollars, 10 of which have been approved by provincial and municipal environmental protection departments, including: 15 10,000 tons/year PVC, 200,000 tons/year EVA, 16/200,000 tons/year AA/AE, 5 million tons/year PTA, 200,000 tons/year ABS, 60,000 tons/year SAP, 150,000 tons/year DOTP/ DEHP, 150,000 tons/year BPA, 5/55,000 tons/year IIR/MTBE, 30/185,000 tons/year PhOH/AC.

Since 2016, Formosa Plastics affiliated companies have invested in a new upgrade plan, with an estimated total investment of US$66 billion, including: 250,000 tons/year ABS, 200,000 tons/year PIA, 600,000 tons/year PTA, 14/87,000 tons/year Annual PhOH/ACTN, 72,000 tons/year PP, 600,000 tons/year propyle.