HOUSTON (July 15, 2011)—Kraton Performance Polymers Inc. and Formosa Petrochemical Corp. are planning a 50/50 joint venture to construct and operate a hydrogenated styrenic block copolymer plant in Mailiao, Taiwan.
Capacity for the plant is set to be 30,000 metric ton per year. The companies plan to invest $165 to $200 million in the venture.
Kraton and FPCC expect to finalize documentation by Dec. 31, and plan to have the plant operational in the second half of 2013.
As proposed in the framework agreement, the design of the joint venture plant will incorporate Kraton's proprietary polymerization technology, and the plant will produce Kraton's high value-added HSBC polymer grades.
The plant will be operated by the joint venture and Kraton will undertake the global marketing of all products manufactured at the facility, the companies said.