Government to consider shifting Kuokuang petrochemical project to any country other than China

27-Apr-11

Taiwanese government will consider moving its Kuokuang petrochemical project abroad to any country other than China, as reported by CNA. China currently bans wholly foreign-owned enterprises from building naphtha crackers within its borders, which is why it is not an option for the government, explained the vice minister. Hwang Jung-chiou, vice minister of the Ministry of Economic Affairs (MOEA) , made the remark at a global technology forum while responding to media inquiries about where the NT$600 billion (US$20.74 bln) project could be moved to overseas. The possibility of the Kuokuang project being built in Taiwan has dimmed following withdrawal of support from president Ma Ying-jeou.