Petrochemical
Kraton, Formosa to expand HSBC joint venture plant in Taiwan
The plant expansion is scheduled to begin in the 3rd quarter of 2024
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By ICN Bureau | August 31, 2022
Kraton Corp. announced an expansion project for its hydrogenated styrenic block copolymers (HSBC) Joint Venture (JV) manufacturing facility in Mailiao, Taiwan. The HSBC JV plant is held between Kraton and Formosa Petrochemical Corp.
This project will increase the capacity of the current facility by 30%. With this expansion project, Kraton will be able to offer its full range of styrene-ethylene-butylene-styrene (SEBS) and styrene-ethylene-propylene-styrene (SEPS) products, both in crumbs and pellet form, using the latest state-of-the-art Kraton technology to customers in Asia from a regional production base.
“This exciting capacity expansion further demonstrates Kraton’s commitment to maintaining our leading position in the global Styrenic Block Copolymers market. Broadening our Asia-manufactured HSBC portfolio helps support the growing customer base,” said Dr. Holger Jung, CEO of Kraton Polymers.
The plant expansion is scheduled to begin in the 3rd quarter of 2024.
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