Increased petrochem cooperation called for between Mainland China and Taiwan

30-Nov-10

Experts and industry insiders have called for more cooperation in the petrochemical industry between the Chinese mainland and Taiwan.Both sides of the Taiwan Straits can develop all-round cooperation in the petrochemical industry, including by expanding joint exploration efforts for oil and gas, Sheng Huaren, honorary president of the China Petroleum and Chemical Industry Federation (CPCIF), said at a biennial cross-Straits meeting on the petrochemical industry. The two sides should enhance cooperation in petrochemical-products trade to optimize production, marketing and logistics networks. Moreover, both sides' petrochemical sectors should work together in technology development, energy saving, environmental protection and product upgrading, Sheng added.