AUGUST 25, 2022, POINT COMFORT, TEXAS - Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is an early adopter of electric vehicles. The company is among the first in South Texas to receive the 2022 Ford F-150 Lightning™ All-Electric Trucks and 2022 Ford E-Transit All-Electric Vans. United Rentals delivered the first shipment of electric vehicles to Formosa Plastics in Point Comfort, Texas on Aug. 17, 2022. This is significant because there is high demand and short supply for these types of electric vehicles.
Formosa Plastics values its long-term partnership with United Rentals. The companies have worked together for more than 25 years. Sharing their commitment to reducing the environmental impact of their operations and reducing their carbon footprint has been at the forefront of their business planning.
Mike Rivet, Director of Special Projects in the General Manager’s Office at Formosa Plastics, said, “United Rentals understood Formosa Plastics’ commitment to meeting our sustainability goals. We take these commitments very seriously, and this is just the first of many examples to demonstrate our desire to be a leader in implementing sustainable solutions.”
“Both Formosa Plastics and United Rentals are committed to sustainability efforts that will have a tangible impact on the environment,” said Joli Gross, Senior Vice President, General Counsel & Corporate Secretary at United Rentals. “This partnership is an example of teams using innovative and eco-conscious ways to Work United™ and build a better, more sustainable future together.”
Formosa Plastics is committed to converting its fleet of over 400 internal combustion vehicles to electric and hybrid by 2026. Formosa Plastics will lease some of these vehicles and will purchase others.
The company will install a sufficient number of charging stations at its facilities in Point Comfort, Texas for use by associates and business partners. Electric vehicle charging stations are also available for use by associates at the headquarters in Livingston, NJ and Baton Rouge, LA.
Additionally, Formosa Plastics is aggressively evaluating green power opportunities in South Texas. Formosa’s Sustainability information reflects its commitment to doing its part both as a member of the global economy and as an engaged corporate citizen at the local level.
About Formosa Plastics
Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, the company employs more than 2,500 people who operate over 20 production units in five business divisions – Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, and Chlor-Alkali.
Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. It markets polypropylene and polyethylene resins under the Formolene® trade name; and markets its suspension PVC and specialty (dispersion) PVC resins under the Formolon® trade name. It is certified to the ISO 9001 quality management system and the ISO 14001 environmental management system.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,331 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 21,600 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,400 classes of equipment for rent with a total original cost of $16.57 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.