(Photo by Yan Qianlong, China Times)

Formosa Plastics held a shareholder meeting yesterday. Lin Jiannan, Chairman of Formosa Plastics, announced that in order to respond to the international plastic reduction trend and protect the earth, it will stop the production of disposable plastics for people’s livelihoods from 2025, reduce the impact on the environment, and implement environmental protection and nature. Harmonious coexistence, the vacated capacity will be transformed into durability or the development of decomposable plastics.

Develop medical materials to ensure health

In addition, in the face of the impact of the epidemic, Formosa Plastics simultaneously announced that it will plan to set up a "medical material production center" at the Renwu plant for 390 million yuan, which is expected to be completed in June 2022. Formosa Plastics stated that the medical center is mainly to develop advanced medical materials so that the products produced by Formosa Plastics can be used more widely for medical and people’s livelihood purposes. In addition to increasing the added value of downstream processed products, it also achieves the protection of human health and improvement. The goal of quality of life.

Formosa Plastics plans to stop the production of polyvinyl chloride (PVC), polypropylene (PP) and polyethylene (PE) disposable plastics for household products from 2025, and plans to stop the supply of various plastic materials and transform it. Strategy.
For example, PVC produced by Formosa Plastics is mainly used in disposable consumer products such as cling film, vacuum-formed packaging boxes and shrink films. Last year, it accounted for only 1.2% of total sales. Durable products such as window frames, wall panels and floor tiles.

Expand the decomposable environmental protection bag

PP disposable consumer products are used in water cups, lunch boxes and food packaging bags, which accounted for 12.8% of sales last year. Formosa Plastics said that in the future, it will expand and expand sales of low-hexane precipitation medicine water bottles and medicine cans, and anti-γ-ray medical grades. Syringes, high-rigidity and heat-resistant small appliances such as coffee machines, baby bottle sterilizers and other non-disposable civilian materials, and it is expected that the supply of biodegradable PP composite materials will be fully changed in 2025.
For PE, there are HDPE (high-density polyethylene) fresh-keeping bags, garbage bags, bread bags and cling film; for LLDPE (linear low-density polyethylene), there are shopping bags, bread bags and cling film and other disposable plastics for household products, which account for the proportion of sales They are 20.4% and 4.9% respectively.

In response to international trends, Formosa Plastics will gradually reduce the proportion of disposable consumer products sold. In addition to seizing the durability business opportunities, HDPE will also be developed into electronic grade chemical containers and 5G communication materials. LLDPE will expand the durability of artificial turf, plastic water towers, and fishing nets. Products and decomposable environmental protection bags.

Lin Jiannan said that Formosa Plastics has a series of process, energy and product improvements, and a low-carbon transition. Through continuous energy-saving and carbon-reduction improvements, it is expected that by 2025, it will achieve the goal of reducing carbon by 10% compared to 2018.

reference
https://today.line.me/tw/v2/article/WLWwqX?utm_source=lineshare