Wednesday, August 18, 2021 IndustryInsider Formosa project suspended pending new federal environmental review By David Jacobs - August 18, 2021 FacebookXLinkedinEmailPrint An oil and gas refinery. (iStock) The U.S. Army Corps of Engineers will conduct a new environmental impact review of Formosa Plastics Group’s planned $9.4 billion complex in St. James Parish. Already an INSIDER? Sign in.