Kraton, Formosa to build 30kt H-SBC plant

ERJ staff report (DS)

Houston, Texas -- Kraton Performance Polymers, Inc. and Formosa Petrochemical Corporation are planning a 50/50 joint venture to construct and operate a 30 kiloton/year hydrogenated styrenic block copolymer ("HSBC") plant in Mailiao, Taiwan. The agreement establishes a framework between Kraton and FPCC governing all commercial, operational, technical and management aspects of the planned joint venture company.

Kraton and FPCC expect to finalise documentation by December 31, 2011 and currently plan to have the plant operational in the second half of 2013. The cost of the plant is currently expected to be in the range of $165 to $200 million.

As proposed in the framework agreement, the design of the joint venture plant will incorporate Kraton's proprietary polymerisation 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.

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Press release from Kraton