AMOCO <AN> TO BUILD TAIWAN CHEMICAL PLANT
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 American's third PTA plant,
will have a capacity of 550 mln pounds of PTA annually.
    China American's other two owners are Chinese Petroleum
Corp, 25 pct, and Central Investment Holding Co, 25 pct.
 Reuter
