Formosa slows Louisiana cracker project citing pandemic

摘要

Formosa is deferring major construction on the Sunshine Project, its proposed olefins complex in St. James Parish, Louisiana, until the COVID-19 pandemic has subsided or an effective vaccine is widely available, according to a spokesperson for FG LA, the subsidiary established to pursue the project. “The widespread impacts of a global pandemic, including the challenge it creates in evaluating construction costs and the restrictions it has placed on international travel, are being felt across all industries and businesses, including FG,” the company says.