Formosa Plastics Corporation, U.S.A.
Formosa Plastics Corporation, U.S.A., a prominent player in the chemical manufacturing industry, is headquartered in Livingston, New Jersey. Established in 1978, the company has grown to become a leader in the production of polyvinyl chloride (PVC) and other plastic resins, serving diverse markets across North America. With major operational facilities in Texas and Louisiana, Formosa Plastics is renowned for its commitment to quality and innovation. The company’s core products include PVC resins, polyethylene, and polypropylene, which are integral to various applications, from construction materials to consumer goods. Recognised for its sustainable practices and advanced manufacturing techniques, Formosa Plastics has solidified its market position as a reliable supplier in the plastics sector, continually striving for excellence and environmental responsibility.
DitchCarbon Score
How does Formosa Plastics Corporation, U.S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Plastic production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Formosa Plastics Corporation, U.S.A.'s score of 8 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formosa Plastics Corporation, U.S.A.'s reported carbon emissions
In 2023, Formosa Plastics Corporation, U.S.A. reported significant carbon emissions, with Scope 1 emissions totalling approximately 24,004,680,000 kg CO2e and Scope 2 emissions at about 181,692,000 kg CO2e. This data highlights the company's substantial carbon footprint, primarily from direct operations and energy consumption. Formosa Plastics has set near-term climate commitments aimed at achieving net-zero emissions for both Scope 1 and Scope 2 by 2025. The company plans to offset its carbon dioxide emissions through investments in wind and solar energy projects in Texas and other operational areas. These initiatives reflect a proactive approach to reducing their environmental impact and transitioning towards more sustainable energy sources. While no Scope 3 emissions data was disclosed for 2023, the company has previously reported comprehensive emissions across all scopes, indicating a commitment to transparency in its climate reporting. The emissions data and reduction targets are sourced directly from Formosa Plastics Corporation, U.S.A., with no cascaded data from parent or related organisations. Overall, Formosa Plastics Corporation, U.S.A. is actively working towards reducing its carbon emissions and enhancing its sustainability practices, aligning with industry standards for climate action.
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| 2018 | |
|---|---|
| Scope 1 | 3,836,493,000 |
| Scope 2 | 5,008,477,000 |
| Scope 3 | 11,402,744,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Formosa Plastics Corporation, U.S.A. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
