Taiwan's CPC announces NT$6.5 bln overhaul plans for third naphtha cracker

11-Dec-08

Taiwan's state-run CPC Corp has declared to outlay US$13.41 bln in 2009 for three projects, Taipei Times reported. One of the investment proposals is to invest NT$6.5 bln as a part of its 'Third Naphtha Cracker Renovation and Investment Project' in enhancement of the 3 decade old cracker through advanced production and environmental technologies. This project, expected to be realized by 2012, was initiated in 2005 and the total outlay has touched NT$46.9 bln. Among the other two projects is the NT$7.9 bln overhaul of the Talin Oil Refinery and Taoyuan Oil Refinery, and the Kuo Kuang Petrochemical Technology Project.