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.
-12 vs industry average
Formosa Plastics Corporation, U.S.A.’s score of 6 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Plastic production is among the most carbon-intensive industries
Industry performance
The Plastic production industry has reduced its overall emissions by 35% since 2019
Emissions trajectory 2020 – 2021
Reported emissions
Scope 3 accounts for ••• of total emissions.
Formosa Plastics Corporation, U.S.A.'s reported carbon emissions
In 2021, Formosa Plastics Corporation, U.S.A. reported total carbon emissions of approximately 5,112,000 kg CO2e. This figure reflects the company's overall impact on the environment, although specific breakdowns for Scope 1, Scope 2, and Scope 3 emissions are not disclosed. The company has not provided emissions data for 2022, and there are no reported emissions for 2020. Formosa Plastics is committed to reducing its carbon footprint through various initiatives. The company aims to offset carbon dioxide emissions by investing in wind and solar energy projects in Texas and other operational areas. These efforts are part of their near-term climate neutrality targets for both Scope 1 and Scope 2 emissions, set to be achieved between 2023 and 2025. While specific reduction percentages have not been disclosed, Formosa Plastics is actively seeking ways to enhance its sustainability practices. The absence of detailed emissions data and reduction targets from the Science Based Targets initiative (SBTi) indicates that the company is still in the early stages of formalising its climate commitments.
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Formosa Plastics Corporation, U.S.A.’s Climate Goals (2030 & 2050)
2 goals2025
Formosa will continue to find ways to offset carbon dioxide…
Formosa will continue to find ways to offset carbon dioxide {CO2) emissions through wind and solar opportunities in Texas and other areas wh…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Formosa Plastics Corporation, U.S.A.
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