Formosa Plastics Group Archives | Market Krystal

Formosa Plastics unit expands battery business into AI data center services

admin — Wed, 14 Oct 2026 00:00:00 +0000

Formosa Plastics' battery unit Formosa Advanced Energy Technology is expanding from high-rate backup batteries into AI data center (AIDC) system integration and CSP cloud operations. It has delivered a 90V50Ah high-rate battery supporting up to 8C continuous discharge, completed a battery module deployment for a domestic semiconductor company and an AIDC room build for Nanya Technology, and is pursuing a US data center battery project. The company also reports over 600 AGV battery orders, a liquid-cooled storage cabinet of 4.61MWh, and battery-grade lithium carbonate recovery at 99.5% purity.

Why it matters

Formosa's push into AIDC backup power and integrated services adds a domestic battery supplier and competition for data center energy spending, while lithium carbonate recycling and cell technology may affect battery material supply chains.

Key facts

Companies	Formosa Plastics Group, Formosa Advanced Energy Technology, Nanya Technology, Chinese Motor Co. subsidiary Green Energy Technology (綠捷)
Chemicals	battery-grade lithium carbonate
Capacity	90V50Ah high-rate battery with up to 8C continuous discharge; liquid-cooled energy storage cabinet of 4.61MWh; over 600 AGV battery sets ordered
Location	Taiwan; United States (data center battery project)
Timing	2026/10/14
Partners	Nanya Technology, Green Energy Technology (綠捷), a domestic semiconductor company
End uses	AI data centers (AIDC), backup power and UPS systems, cloud services (CSP) operations, AGV and AMR robots, quadruped robots, large-scale energy storage, solid-state batteries, sustainable aviation fuel feedstock (microalgae oil)

Market context

Lithium-ion batteries of the kind described here are used for high-rate backup power, uninterruptible power supply (UPS) systems, and large-scale energy storage, while battery-grade lithium carbonate is the key raw material for cathodes and electrolytes. Demand is driven mainly by AI data centers, cloud service providers, automated guided vehicles and robots in warehousing and factories, and grid-scale storage. Data center operators are under pressure to secure reliable, fast-discharge backup and to build out facilities quickly, so suppliers that can offer both hardware and system integration are gaining relevance. A move like this adds another domestic supplier competing for that spending and can ease reliance on a narrow set of overseas battery sources. Efforts to recover lithium carbonate from spent or process streams also matter for buyers, because recovered material can supplement mined supply and help stabilize costs in a market that is sensitive to lithium price swings.

Source: official release on fpg.com.tw. Summary and context written by Market Krystal.

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Nan Ya Plastics forms power equipment joint venture with LS ELECTRIC

admin — Wed, 07 Oct 2026 00:00:00 +0000

Nan Ya Plastics (Formosa Plastics Group) set up a joint venture, Nan Ya LS, with South Korea's LS ELECTRIC, announced October 6, 2026, to build heavy electrical equipment and power engineering services in Taiwan. The company created an electrical power engineering department in April to expand into engineering design and project contracting. Planned offerings include eco-friendly gas-insulated switchgear, H-class high-temperature transformers, microgrid development, and after-sales maintenance and testing. Nan Ya also previously partnered with Taiwan peers for entry into the US power infrastructure market.

Why it matters

Nan Ya's push into switchgear, transformers and EPC services adds local competition for Taiwan power infrastructure projects tied to AI data centers and grid upgrades, while drawing on LS ELECTRIC's UL-certified product line.

Key facts

Companies	Nan Ya Plastics Corporation (南亞塑膠公司), LS ELECTRIC, LS Group, Formosa Plastics Group (台塑集團), Huacheng Electric (華城電機), Tatung (大同)
Location	Taiwan
Timing	2026-10-07, 2026-04, 2026-10-06
Partners	LS ELECTRIC
End uses	Power infrastructure, AI data centers, Grid modernization, Energy transition, Microgrid systems, High-tech industry utility systems

Market context

Nan Ya Plastics is best known as a petrochemical producer, so this move into heavy electrical equipment is a notable diversification. Gas-insulated switchgear, high-temperature transformers and microgrid systems are core products for utilities, industrial plants and data centers, where demand is driven by grid reinforcement, renewable integration and the rising power loads of AI computing facilities. Electrical equipment supply chains have been tight in recent years, with long lead times for transformers and switchgear, so new domestic capacity and engineering services can affect bid competition and project timing. For chemical buyers, the story illustrates how large petrochemical groups are moving into downstream infrastructure, which can shift capital allocation within the group and increase competition for contracts in Taiwan. Market effects on commodity chemical prices or supply are not implied by this type of move, since the venture concerns equipment and engineering rather than production of materials.

Source: official release on fpg.com.tw. Summary and context written by Market Krystal.

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Nan Ya Plastics showcases Nyudex TPEE elastic yarn at Taipei Textile Show

admin — Mon, 05 Oct 2026 00:00:00 +0000

Nan Ya Plastics is showcasing its functional and sustainable fiber lineup at the 2026 Taipei Textile Show (TITAS), led by Wetfree® sweat-stain-resistant fiber, SoftMatte® high-matte fiber, and Nyudex® TPEE thermoplastic polyester elastic yarn. Nyudex® is already in full commercial production, uses a melt-spinning process without solvents, and is being co-developed with several international brands. Nan Ya will also present new cooling quick-dry fiber in Taiwan for the first time, developed with Kuraray Trading in long-fiber and short-fiber polyester applications.

Why it matters

Full commercial output of solvent-free, single-polymer polyester elastomer yarn offers apparel brands a recyclable alternative to conventional Spandex, potentially shifting elastic-fiber demand toward polyester.

Key facts

Companies	Nan Ya Plastics Corporation (南亞塑膠公司), Formosa Plastics Group, Kuraray Trading Co., Ltd. (可樂麗商事株式會社)
Chemicals	Polyester, TPEE thermoplastic polyester elastomer, Spandex (comparison)
Timing	2026/10/05, 2026 Taipei Textile Show (TITAS)
Partners	Kuraray Trading Co., Ltd., multiple international brands
End uses	Sportswear, Yoga apparel, Uniforms, Form-fitting apparel, Leisure wear, Outdoor apparel, Functional clothing, Textile recycling

Market context

Polyester elastomers such as TPEE (thermoplastic polyester elastomer) are melt-processed block copolymers that combine the stretch and recovery of rubber-like materials with the processability of thermoplastics. In textiles they are spun into elastic yarns for form-fitting garments, where conventional elastic fiber has long been dominated by polyurethane-based Spandex, a fiber that is chemically difficult to recycle with other polymers. Demand drivers for elastic and functional fibers include sportswear, yoga and leisure apparel, uniforms, and outdoor clothing, where brands prioritize stretch, comfort and moisture management. Melt-spinning avoids the solvents used in many Spandex routes, which can simplify solvent recovery and reduce processing complexity. For buyers and investors, a commercially available single-polymer elastic alternative could gradually shift portions of elastic-fiber sourcing toward polyester, with implications for Spandex producers and for the market for recyclable textile inputs.

Source: official release on fpg.com.tw. Summary and context written by Market Krystal.

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Formosa Plastics unit gains ISCC EU certification for microalgae oil feedstock

admin — Thu, 27 Aug 2026 00:00:00 +0000

Formosa Plastics Group's Chenghao Technology, under Formosa Plastics New Intelligence, obtained ISCC EU sustainability and carbon certification for microalgae oil covering algae cultivation and oil production, with Bureau Veritas conducting the third-party audit. The company says its 500-liter pilot line has completed staged production-formula and stability assessments, with algae oil containing 50% to 60% oil by cell mass. Next steps include process scale-up, efficiency gains and cost optimization toward pilot and commercial production.

Why it matters

Certified domestic microalgae oil could give Taiwan a locally produced sustainable aviation fuel feedstock option that can enter European SAF supply chains as Taiwan's 2030 5% SAF target approaches.

Key facts

Companies	Formosa Plastics Group, Formosa Plastics New Intelligence, Chenghao Technology, Formosa Biomedical Technology, Bureau Veritas
Chemicals	microalgae oil, sustainable aviation fuel feedstock, waste cooking oil
Capacity	500-liter pilot production line; algae oil content of 50% to 60%
Location	Taiwan
Timing	2026-08-27, 2030 Taiwan SAF target of 5%
Partners	Bureau Veritas
End uses	sustainable aviation fuel, aviation fuel supply chains, European SAF supply chain

Market context

Microalgae oil is a lipid-rich feedstock that can be processed through hydrotreating and related pathways into renewable diesel-range hydrocarbons and sustainable aviation fuel, as well as used in food, nutrition and specialty oil markets. Demand for SAF is driven mainly by airlines and fuel suppliers that must meet blending mandates and emissions targets, particularly in Europe, where certification schemes such as ISCC EU are required to verify sustainability and greenhouse gas performance along the supply chain. Feedstock certification is a key gate because SAF producers rely on traceable, audited raw materials, and many currently depend on used cooking oil, animal fats and vegetable oils that are limited in supply. A certified non-food lipid source can diversify that base and reduce competition for conventional feedstocks, though algae oil remains a small, cost-sensitive segment where scale-up and yield are the main hurdles. Buyers and investors should watch how quickly pilot output moves toward commercial volumes.

Source: official release on fpg.com.tw. Summary and context written by Market Krystal.

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