A petrochemical industry leader: driving industrial development
CPC is the dominant force in Taiwan's petroleum and petrochemical industry. By investing in upstream operations for
many years and thus stimulating the industry's development, it has helped bring about Taiwan's economic miracle.
Starting in 2005, CPC embarked on a campaign to upgrade its equipment and expand its capacity in an initiative to
narrow the gap in the supply of petrochemical raw materials. In 2009 the company initiated the "Third Naphtha Cracker
Renovation and Expansion Project" at the Linyuan Petrochemical Plant, budgeted over NT$40 billion. The project was
completed in 2013 after an arduous construction period and produces high-grade ethylene. The new Third Naphtha
Cracker currently has an annual production capacity of 720,000 tons of ethylene, 430,000 tons of propylene and 132,000
tons of butadiene; it is expected that it will generate an annual economic benefit of NT$60 billion, stimulate the willingness
of other downstream companies to invest and bring a new level of prosperity to the petrochemical industry. Looking
ahead, CPC plans to employ new processes, low-energy consumption technologies and superior economies of scale to
provide the downstream petrochemical industry with sufficiency in such basic raw materials as ethylene and propylene.
Petrochemicals are essential industrial raw materials for manufacturing and are thus closely linked to almost every
aspect of peoples' lives. In the context of a deregulated and increasingly competitive market, CPC is actively
supporting government policy for petrochemicals - enhancing quality, expanding exports - by such tangible actions
as creating an integrated up-, mid- and downstream petrochemical industry chain, boosting product innovation and
developing high-value niche products,
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Downstream Operations
