The Taiwanese government has lifted a ban on investment in 30 products in China- covering 23 items in agriculture and seven in petrochemicals. This has paved the way for Taiwanese petrochemical firms to invest in naphtha crackers across the Taiwan Strait. The statement did not specify the names of the products, which were represented by product code numbers, but the Investment Commission said they include seven byproducts of oil refining. Since building a naphtha cracker requires a large investment, each local petrochemical company can apply for one investment project at a time. The Ministry of Economic Affairs would also ask companies planning to set up joint ventures with Chinese partners to aim for more than 50 percent shareholding to secure their ownership in China.
04-Oct-13 
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