Formosa Plastics Corporation, Texas has been designated as a qualified project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program. The company plans to build a new facility in Jackson County to produce C6 (1-Hexene), an organic compound used at its existing Point Comfort complex for manufacturing polyethylene.
The project is expected to result in $150 million in capital investment for the region.
Governor Greg Abbott commented on the announcement: “Texas leads the nation in chemical production and exports. This $150 million investment by Formosa Plastics will grow good-paying jobs for Texans, expand economic opportunity in Jackson County, and further our state’s manufacturing leadership. With Texas’ unmatched business operating advantages and easy access to domestic and global markets, Texas manufacturers offer an efficient, reliable supply chain for critical materials used in the production of everyday products.”
Jack Wu, Vice President of Business Development at Formosa Plastics Corporation, Texas, acknowledged support from several local and state entities: “We appreciate Governor Greg Abbott’s Texas Economic Development & Tourism Office, the Texas Comptroller of Public Accounts Office, and the Palacios Independent School District (ISD) Board for approving our application. Property tax is an important factor when determining a site location for expansion projects. This type of approval helps move projects forward, which will support long-term economic development in the region and benefit the community.”
State Senator Joan Huffman said: “Formosa Plastics’ investment is a testament to Jackson County’s economic potential and its skilled workforce. This project is a big win for Jackson County, and I look forward to the positive impact it will have on the local economy.”
Representative AJ Louderback added: “Formosa Plastics has been a key part of our region’s economic growth and success for years. This new facility and the jobs it brings will keep the momentum going. I’m excited to see our community continue to grow and am grateful to Governor Abbott for his commitment to helping Texans thrive.”
Jackson County Judge Jill S. Sklar noted: “Formosa Plastics has long been a valued part of our community. Their continued investment brings new opportunities for our residents, strengthens our local economy, and reaffirms Jackson County as a great place to live and work.”
Dr. Jared Duncum, Superintendent of Palacios ISD, stated: “Formosa Plastics has been an important part of our community for years. We look forward to a continued relationship with this important industrial partner.”
