Business Services Industry
TAIWAN: Construction start-up on long-stalled $1,250,000,000 naphtha cracker project is tentatively scheduled to begin in early 2005, CHINESE PETROLEUM CORP. (CPC) [Taiwan] Order #: 097904.
WWP-Business Opportunities in Asia & the Pacific, September, 2004
PROJECT OVERVIEW:
Taiwan presently suffers an ethylene deficit, a key component in the production of plastics, of some 170,000 tons per year (t/y). In addition, the shortage is expected to rise to 900,000 t/y in the coming years since downstream production is anticipated to expand. As a result, the government recently approved the local CHINESE PETROLEUM CORP's long-stalled construction plans aimed at building its No. 3 naphtha cracker.
As things currently stand, construction work is tentatively scheduled to begin some time in early 2006 in order to enable project completion by 2011. Construction plans under consideration call for building a complex with an installed production capacity of 1 million t/y of ethylene.
The new facility, to...
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