TEXAS PE & PP PRODUCTION EXPANSIONS - fpcusa.com

1 FOR IMMEDIATE RELEASE. NEWS Contact: Steve Rice Corporate Communications Phone: (973) 994-7688. RELEASE. FORMOSA PLASTICS ANNOUNCES PROCESS TECHNOLOGIES FOR. TEXAS PE & PP PRODUCTION EXPANSIONS .. You expect more. And Formosa delivers. LIVINGSTON, NJ (May 7, 2018; 10:30 EDT) Formosa Plastics Corporation, is announcing the process technologies being used for the polyethylene and polypropylene PRODUCTION EXPANSIONS in Point Comfort, TEXAS . The new tubular low density polyethylene (LDPE) plant's technology has been licensed from ExxonMobil Catalysts and Licensing, LLC; the plant will have a PRODUCTION capacity of 400,000 MT/year.

2 The new dual-purpose polyethylene (PE) plant's technology will use UNIPOLTM PE Process technology, licensed from Univation Technologies, LLC. The plant will be able to produce both high density polyethylene (HDPE) and linear low density polyethylene (LLDPE), with a combined PRODUCTION capacity of 400,000 MT/year. The new polypropylene (PP) plant's technology has been licensed from Japan Polypropylene Corporation (JPP); the plant will add 250,000 MT/year of capacity to the site's current PP PRODUCTION . The addition of these three process technologies and plants at Point Comfort will expand the company's product offerings and increase PRODUCTION flexibility.

3 The LDPE plant will initiate the company's entry into the North American LDPE market. The ExxonMobil technology is recognized for producing high quality resins safely and reliably. Univation Technologies' UNIPOLTM PE Process is world-renowned for producing outstanding HDPE. and LLDPE resins. Since our first JPP license in 2001, our PP product offerings have expanded to include high impact copolymer and random copolymer resins. We look forward to introducing our new line of Formolene LDPE resins and expanding our current Formolene HDPE and LLDPE product lines, states Ken Mounger, Vice President & General Manager, Polyolefins.

4 Our additional supply of Formolene polypropylene will enable us to grow in key strategic markets, too.. About Formosa Plastics Corporation, Formosa Plastics Corporation, is a vertically integrated producer of plastic resins and chemicals. Its polyethylene and polypropylene resins are marketed under the Formolene trade name; its polyvinyl chloride resins are marketed under the Formolon trade name. The company is headquartered in Livingston, NJ, has over 2,700 employees and is certified to the ISO 9001 quality management system and the ISO 14001 environmental management system.

5 See for additional information. About ExxonMobil Catalysts and Licensing LLC. ExxonMobil's cutting-edge proprietary catalysts and advantaged process technologies help refiners and petrochemical manufacturers increase capacity, lower costs, improve margins, reduce emissions and operate safe, reliable and efficient facilities. Ready for better results across your refining, gas and chemical needs? Visit Page 2 - FORMOSA PLASTICS ANNOUNCES PROCESS TECHNOLOGIES FOR ITS TEXAS PE & PP PRODUCTION EXPANSIONS . About Univation Technologies, LLC. Univation Technologies is a wholly-owned subsidiary of The Dow Chemical Company and a global leader in licensed HDPE and LLDPE process technology.

6 The company has a proven track record of delivering product, process and catalyst technologies to the global polyethylene industry. To learn more, visit About Japan Polypropylene Corporation Japan Polypropylene Corporation (JPP) is the successor of the polypropylene business of Japan Polychem and JNC Petrochemical Corporation (formerly Chisso Petrochemical Corporation). JPP has a long history in the polypropylene business; it developed the JPP HORIZONE Process, formerly known as the "Chisso Gas Phase Process". To learn more, visit ###.