The refinery will supply the petrochemical complex with up to 80 percent of its feedstock needs, including foreign-status gas oils, naphtha, natural gas condensate, natural gasoline and raw pyrolysis gasoline. Zone procedures would exempt the petrochemical complex from Customs duty payments on the foreign products used in its exports. Under the FTZ Act, certain merchandise in FTZ status is exempt from ad valorem inventory-type taxes. The application indicates that the savings from zone procedures would help improve the refinery's international competitiveness. In accordance with the Board's regulations, a member of the FTZ Staff has been designated examiner to investigate the application and report to the Board.
Public comment is invited from interested parties.
The closing period for their receipt is August 29, 1997. John J. Da Ponte, Jr., Executive Secretary.