Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Formosa Plastics Group
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==History== Formosa Plastics Group was formed in 1954 to reflect [[vertical integration]] of the [[Polyvinyl chloride|PVC]] manufacturing process by the [[Formosa Plastics Corporation]] (FPC). Nan Ya Plastics Processing Corp. was formed to purchase PVC resins produced by FPC. A third member of the group, New Eastern Plastics Product, was formed to manufacture those processed resins into consumer goods. Nan Ya and New Eastern were later merged into a single entity, [[Nan Ya Plastics]] Corp., and upstream integration was achieved in the 1990s through the construction of an [[ethylene]]-producing [[naphtha]] cracking plant and a [[coal]]-burning power plant. In Taiwan, FPG has also diversified into many other fields, including textiles, electronics, medicine, skin care, automobile manufacturing, gasoline retail and petroleum refining. FPG's overseas expansion has focused primarily on the [[United States]] and [[mainland China]]. The group has purchased or constructed many PVC factories and chemical production facilities in both countries. American holdings also include [[Texas]] properties containing over 200 oil wells and lands rich in natural gas, pipeline and production firms, and an ethylene plant in [[Point Comfort, Texas]] that was constructed in 1988. Chinese expansion has included a power plant in Zhuangzhou, [[Fujian Province]] and at least 40 FPG-built factories across the country. FPG's non-manufacturing operations include the [[Chang Gung Medical Foundation|Chang Gung Memorial Hospital]], named after the late father of the FPG chairman, Wang Chang-gung. Since its founding in 1976, the non-profit hospital has expanded to 5 cities in Taiwan. In 1984, the [[Linkou District|Linkou]] branch undertook the first liver transplant operation in Asia. In the early 2010s the group became the primary backer of the [[Formosa Ha Tinh Steel Corporation]], a large iron and steel works in Vietnam. FPG was responsible for a serious discharge of toxic pollution from one of its steel complexes. The release resulted in an estimated 115 tons of dead fish washing ashore in Vietnam. The environmental pollution negatively affected the livelihood of 200,000 people including local fishers. In July 2016, FPG pledged to pay compensation to Vietnamese impacted by the environmentally toxic discharge in the amount of $500 million.<ref>{{Cite news|url=https://www.nytimes.com/aponline/2016/07/28/world/asia/ap-as-vietnam-fish-deaths.html|title=Vietnam Says Pollution From Taiwan Company Affected 200,000|last=The Associated Press|date=28 July 2016|newspaper=The New York Times|issn=0362-4331|access-date=29 July 2016|archive-date=2 August 2016|archive-url=https://web.archive.org/web/20160802174542/http://www.nytimes.com/aponline/2016/07/28/world/asia/ap-as-vietnam-fish-deaths.html|url-status=live}}</ref> In February 2018 [[Hoang Duc Binh]] was jailed for 14 years for live streaming fisherman travelling to file a lawsuit over the plant's pollution. <ref>{{Cite news|url=http://www.scmp.com/news/asia/southeast-asia/article/2132288/vietnamese-activist-jailed-14-years-live-streaming-protest|title=Vietnamese activist jailed for 14 years for live-streaming protest|work=South China Morning Post|access-date=7 February 2018|language=en|archive-date=6 February 2018|archive-url=https://web.archive.org/web/20180206222952/http://www.scmp.com/news/asia/southeast-asia/article/2132288/vietnamese-activist-jailed-14-years-live-streaming-protest|url-status=live}}</ref> Formosa Formosa Plastics is planning the construction of a fossil fuel plant, known as โThe Sunshine Project,โ with an estimated cost of 9.4 billion dollars. This project is set to be located in a region of Louisiana commonly referred to as โ[[Cancer Alley]]โ due illnesses linked to environmental pollutants from existing fossil fuel plants. <ref>{{Cite web |date=2024-01-31 |title=Louisiana court greenlights new plastic plant in Cancer Alley |url=https://www.wbur.org/hereandnow/2024/01/31/plastic-plant-louisiana-cancer |access-date=2024-06-14 |website=www.wbur.org |language=en}}</ref> ===Naphtha Cracker #6 (ๅ ญ่ผ)=== [[File:Formosa Petrochemical FK-R1.jpg|thumb|240px|Formosa Petrochemical Oil Tanker]] FPG's [[naphtha]] cracker – the sixth petrochemical processing plant of that kind in Taiwan – was first proposed in 1973, but the ruling [[Kuomintang|KMT]] government still imposed a monopoly at that time and denied permission. Permission was granted in 1986, as [[President of the Republic of China|President]] [[Chiang Ching-kuo]] instituted reforms to loosen the [[authoritarianism]] instituted by his father, [[Chiang Kai-shek]]. At that time, FPG proposed a [[NT$]]90 billion complex that would be located in the Litzu Industrial Zone of [[Ilan County]]. Local residents opposed this plan on the basis of its environmental impact and, led by County Magistrate Chen Ding-Nan (้ณๅฎๅ), formed the Alliance against Sixth Naphtha Cracker. After a successful campaign, including a televised debate between Chen and FPG Chairman Wang, they eventually forced the company to look elsewhere. The second site proposed by FPG, in [[Taoyuan City|Taoyuan County]]'s Kuanyin Industrial Zone, generated similar opposition from local residents. FPG shelved these proposals in 1989 and Chairman [[Wang Yung-ching]] traveled secretly to mainland China to find a solution there. In 1990, he announced his intention to develop the complex on the [[People's Republic of China]]-controlled island of Haitsang, in [[Fujian Province]]. The [[Republic of China|Nationalist government]] condemned the project and in 1992 secured an offshore site near Mailiao, in Taiwan's impoverished [[Yunlin County]], where local administrators welcomed the investment. Total investment in the complex, after four phases of construction throughout the 1990s and early 2000s, included the following major features: *an oil refinery: 450,000 barrels (72,000 m<sup>3</sup>) per day *a [[naphtha]] cracking plant (production capacity: 1.35 million tons ethylene per year) *a coal-burning power plant (capacity: 3 GW) *Taiwan's first wind power plant (total combined capacity of the four turbines: 2,640 kW). This project provoked intense opposition, just as Chiang Ching-kuo's reforms allowed tolerance for public expressions of dissatisfaction. The environmentalists' public protests, including a 3000-person rally at the Ministry of Economic Affairs in 1990, reflected the island's gradual transformation from authoritarianism to democracy. Beyond environmental concerns, protesters and newly legalized [[Tangwai|opposition parties]] denounced the [[cronyism]] they saw in the expedited approvals, extended tax holiday, subsidized loans, extremely low land prices for the land, and special allowance for a private port. During the construction of Naphtha Cracker #6, further trouble arose when 200 to 300 [[Thai (ethnic group)|Thai]] and [[Filipino people|Filipino]] workers fought on 5 September 1999. The brawl was reported to have lasted eight hours. Despite these complications, the plant proceeded as scheduled and continues to enjoy government support.
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)