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 0 is lower than 91% 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 its operations in Taiwan. Formosa Plastics has set ambitious near-term climate commitments aimed at achieving net-zero emissions. The company plans to offset its carbon dioxide emissions through investments in wind and solar energy projects in Texas and other operational areas, with a target timeframe from 2023 to 2025 for both Scope 1 and Scope 2 emissions. The emissions intensity for all plants in Taiwan was reported at approximately 24.00 tCO2e per million USD in 2022, indicating a consistent focus on monitoring and managing emissions relative to revenue. While no Scope 3 emissions data has been disclosed, Formosa Plastics is actively working towards enhancing its sustainability practices and reducing its overall environmental impact. The company's initiatives reflect a commitment to addressing climate change and improving its operational efficiency.
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.
