In 2024, Formosa Petrochemical conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 1,328,920a | 1,517,892a | 1,343,556a | |
Total Waste Recovered | 1,280,597a | 1,465,346a | 1,289,482a | |
Total Hazardous Waste Generated | 485a | 440a | 613a | |
Non-Hazardous Waste Disposed | 47,838a | 52,105a | 53,461a |
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In 2024, Formosa Petrochemical generated a total of 1,328,920metric tonnes of waste.a
Of this amount, 96.36% of Formosa Petrochemical's total waste generated was recovered through methods such as recycling, reuse, or composting, while 3.64% was disposed of through landfilling, incineration, or combustion.a
In 2024, Formosa Petrochemical reported a total waste generation of 1,328,920 metric tonnes, of which 96.36% was recovered through recycling, reuse, or composting.This high recovery rate suggests that Formosa Petrochemical has implemented strong circular economy practices and actively prioritizes sustainable waste management.a
Since 2022, Formosa Petrochemical's total waste generation decreased by 1.09%, including a further 12.45% drop in 2024, highlighting a consistent and deliberate reduction in waste production over time.a
Over the same period, Formosa Petrochemical's waste recovery rate remained stable both in the long term and in 2024, suggesting limited progress, or consistent recovery performance, without major shifts in strategy.a
Overall, Formosa Petrochemical’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.
In 2024, Formosa Petrochemical generated a total of 1,328,920 metric tonnes of waste.a
Of this amount, 0.04% of Formosa Petrochemical's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.99.96% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2022, Formosa Petrochemical's total waste generation decreased by 1.09%, with an additional 12.45% decline in 2024, suggesting a consistent and deliberate effort to minimize waste generation at the source.a
Over the same period, the share of hazardous waste decreased by 20.01%, yet rose by 25.9% in 2024, potentially signaling operational variability, temporary setbacks, or less effective hazardous waste mitigation in the short term.a
Overall, Formosa Petrochemical's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.a