Bulletin Updates

Formosa Petrochemical: Hurdles after hurdles – 4 May 2023

May 04, 2023

Formosa's plan to build a petrochemical complex in "Cancer Alley" is facing multiple challenges, including declining revenue, a challenging market for polyethylene (PE), and worsening economic conditions

Margins for PE producers have decreased, and the industry is highly correlated with GDP, which is projected to slow down in 2023

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