CPC to invest in capacity augmentation to offset relocation of Kaohsiung plant and delayed construction of Kuokuang petrochem complex

20-Dec-10

To offset the impact of relocation of Kaohsiung refining plant and the delayed construction of Kuokuang petrochemical complex, CPC, Taiwan Corp. plans to invest NT$20.5 billion in capacity augmentation. In 2011, CPC plans to renovate Shalun undersea pipelines and Talin distillery plant, to boost increase in oil refining capacity by 50% to 150,000 barrels. NT$151.8 bln will be invested in expansion at five plants, including renovation of its No. 3 naphtha-cracking complex, and capacity expansion of Talin and Taoyuan oil-refining plants. The renovation of the No. 3 naphtha-cracking complex will be completed in 2013. As the Kaohsiung plant will be soon shut down, CPC will do its best to raise refining capacity of the Talin to 400,000 bpd.