Thursday, October 22, 2015
Taiwan’s Formosa Petrochemical Corp. is studying the feasibility of constructing a $9.4-billion industrial complex in St. James Parish, La. The company would build two project phases to produce ethylene and other downstream chemical products. The final investment decision, expected by mid-2016, will determine the final capital investment figure for the project, under which Formosa would create 1200 new direct jobs with an average annual salary of $84,500.