Amoco Corp said a Taiwan petrochemical venture in which it is part owner plans to build a chemical plant in Taiwan. The company said the plant to be built by China American Petrochemical Co Ltd which is 50 pct owned by Amoco Chemical Co will make purified terephthalic acid (PTA) a raw material used to make polyester fibers. It said the facility China Americans third PTA plant will have a capacity of 550 mln pounds of PTA annually. China Americans other two owners are Chinese Petroleum Corp 25 pct and Central Investment Holding Co 25 pct.
AMOCO <AN> TO BUILD TAIWAN CHEMICAL PLANT