Taiwan Group Planning to File Application For Chinese Refinery & Naphtha Cracker

:: 21 Oct  2013 ::

Taipei - A consortium of eight Taiwanese firms is preparing to file an application with the Taiwan government for a joint venture refinery and naphtha cracker in China, according to local press reports citing the Petrochemical Industry Assn. of Taiwan.

The planned project would be an equally-owned joint venture with China's Sinopec Group in the Gulei Development Zone in Zhangzhou in China's Fujian Province, and would be the first such project proposed since Taiwan lifted its ban on investments in Chinese naphtha crackers.

The consortium is comprised of Ho Tung Petrochemical, Hsin Tay Petroleum, LCY Chemical, USI, Asia Polymer, TSRC, Grand Pacific Petrochemical and BOC Lienhwa Industrial Gases.

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