HOUSTON (July 14, 1 p.m. ET) — Kraton Performance Polymers Inc. and Formosa Petrochemical Corp. are forming a joint venture to build a styrenic block copolymer plant in Mailiao, Taiwan.
The 30,000-metric-ton-per-year plant will cost $165 million to $200 million and be operational in the second half of 2013, according to a July 14 news release from Houston-based Kraton.
The plant will incorporate Kraton's proprietary polymerization technology, and it will produce value-added polymer grades. Kraton will market all products made at the site.
Kevin Fogarty, Kraton's president and CEO, said the 50-50 joint venture may be “the first step in a long-term relationship with FPCC, which may provide for future capacity expansions.”