Formosa Petrochemical Corp. is looking for faster approval for a planned petrochemical plant in the U.S. state of Louisiana having the value of USD9.4 billion under the administration of President Donald Trump.
The company should benefit from less stringent environmental regulations under the Trump administration, Formosa Petrochemical Chairman Chen Bao-lang said.
We are more optimistic about the investment; At least the obstacles will be fewer.We're aiming to get an air permit in August 2018.Said by chairman Chen Bao-lang.
Formosa Petrochemical is part of Taiwanese conglomerate Formosa Plastics Group, which has production facilities across Taiwan, China, the United States and Vietnam.
