Formosa Plastics Group Ningbo Complex is an active petrochemical complex located in Zhejiang, China. According to GlobalData, who tracks more than 13,000 active and developing petrochemical plants worldwide, the complex started commercial operations in 2002 and currently has an active annual capacity of 5.14mtpa. Its capacity is expected to increase to 7.43mtpa in 2030. The plants are operated by Formosa Chemicals Industries (Ningbo), Formosa Plastics, Formosa ABS Plastics (Ningbo), Formosa Plastics Group. Buy the profile here.
Key products capacity - Formosa Plastics Group Ningbo Complex, 2022
Key products produced in this complex include purified terephthalic acid (PTA), acrylonitrile-butadiene-styrene (ABS), cumene, propylene, polypropylene etc.
Purified Terephthalic Acid (PTA) accounts for 23.3% of the total annual capacity of the complex with 1.2mtpa, followed by acrylonitrile-butadiene-styrene (ABS) and cumene with 13.6% (0.7mtpa) and 11.7% (0.6mtpa) respectively.
Details of key upcoming projects in Formosa Plastics Group Ningbo Complex
The complex is set to add capacity with upcoming plants including Formosa Chemicals & Fibre Corporation Ningbo Ethylene Vinyl Acetate (EVA) Plant Expansion (0.03mtpa), Formosa Chemicals Industries (Ningbo) Ningbo Alpha-Methylstyrene (AMS) Plant (0.01mtpa), Formosa Plastics Group Ningbo PVC Plant (0.15mtpa), Formosa Plastics Group Ningbo Vinyl Chloride Monomer (VCM) Plant (0.6mtpa), and Taihua Industrial (Ningbo) Purified Terephthalic Acid (PTA) Plant (1.5mtpa).
About Formosa Plastics
Formosa Plastics Corp (FPC), a subsidiary of Formosa Plastics Group, is a chemical manufacturing company. It manufactures and markets intermediate raw materials for plastics. The company’s product portfolio includes polyvinyl chloride (PVC) resins, vinyl chloride monomers (VCM), flake caustic soda, caustic soda, hydrochloric acid, high-density polyethylene (HDPE), ethylene-vinyl acetate (EVA)/low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). FPC also provides calcium carbonate products; electronic systems such as automatic store/retrieve, automation, advanced process control, and power management systems, programming software and hardware for automated design and planning through its electronics department; and engineering services. It has manufacturing plants in Taiwan. FPC is headquartered in Taipei, Taiwan.
About Formosa Plastics Group
Formosa Plastics Group (FPG) is an industrial conglomerate. It operates in oil refining, petrochemicals, plastic raw material, fiber and textiles, electronic materials and transportation businesses. FPG includes Formosa Plastics Corporation, Formosa Chemicals & Fibre Corporation, Formosa Petrochemical Corporation, Nan Ya Plastics Corporation, and other investments in Taiwan, the US, China, Vietnam, the Philippines, and Indonesia. Some of the major products of the company include vinyl chloride monomer (VCM), EPOXY resin, rigid PVC film, flexible PVC sheet, SMC Door, styrene, plastic power, copper foil, caustic soda, aromatic hydrocarbon, carbon fiber, polystyrene epichlorohydrin, maleic anhydride, plasticizer, and wire bond substrate. FPG is headquartered in Taipei, Taiwan.
For more details on the Formosa Plastics Group Ningbo Complex, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
