CPC has for a long time borne the responsibility for Taiwan’s energy security in terms of providing a stable supply
of oil and natural gas that meets the nation's needs. The company is also committed to promoting the soundly-
based development of the domestic petrochemical industry, within the context of furthering the country's overall
economic development. In all this it will play a leadership role in keeping with its status as a state-owned enterprise
that is living up to the mission and tasks entrusted to it by the government. Thanks to the dedicated efforts of its oil
industry veterans and everybody else who works there, as well as the long-term support coming from all segments
of society, CPC has achieved sales revenue in excess of NT$1 trillion and is ready to join the ranks of the world's
300 largest enterprises. It is now the second-largest manufacturer in Taiwan and was recently ranked #300 in the
Forbes Global 500 list as well as #243 on the ‘Boao Forum for Asia’ list of the top 300 Asian companies.
CPC is the only energy company in Taiwan that has oil and gas exploration capability – a major source of profit for
international oil companies (IOCs). In order to boost the proportion of hydrocarbon sources that are self-owned,
we have endeavored for many years to explore in both domestic and foreign locations and then secure the rights
to the oil and gas fields discovered. The current period of relatively low international prices for oil and gas provides
a good opportunity to obtain control of energy sources and we have accordingly stepped up our efforts to take
advantage of it.
2015 will be the last year before relocation of our Kaohsiung Refinery operations. To ensure that there are no
interruptions in supplying the market with petroleum products and petrochemical raw materials, we have taken
action to expand the capacity of our Dalin Refinery while at the same time dealing with all of the preparation
and land use planning associated with the relocation. Moreover, we have obtained government approval for the
establishment of a special petrochemical industry zone, we plan to invest in Phase 2 of the Kaohsiung Harbor
Intercontinental Cargo Container Terminal project and we foresee jointly investing with downstream enterprises in
producing high-value petrochemical products.
In the area of natural gas, apart from working to diversify our sources we are implementing the Phase 2 storage
tank expansion project at our Taichung LNG receiving terminal; and there are now plans to construct Taiwan's third
LNG receiving terminal. The purpose of these projects is to strengthen our natural gas storage and transportation
capabilities and ensure that we can provide the stable supply of gas that meets the needs of the domestic market.
We intend to take advantage of our strengths in the filling station channel in a number of ways: aside from
continuing to upgrade service and raise the level of performance across the range of operations, we are building
more flagship filling stations with more complex business models and offering consumers an even wider range of
product choices.
Following the establishment in 2012 of our first overseas trading office for petroleum products in Singapore, we
have now set up similar offices in Qatar and Dubai in order to expand our trading networks and capabilities for
petroleum products and natural gas.
At the same time as we bear responsibility for Taiwan’s energy security, we at CPC remain constantly mindful of the
need to fulfill our corporate social responsibility commitment. We do this in a number of ways: not only by caring
for the disadvantaged and working for the benefit of people in remote and under-developed areas, but also by
holding year-end and seasonal charity sales and contributing to the well-being of the communities neighboring our
plants. Furthermore, in the wake of recent incidents in which waste oil was improperly reconstituted and sold as
edible, we have done our bit for food safety, environmental protection and societal wellness by putting in place an
ethical recycling system for waste edible oil.
The fact that CPC is now celebrating its 70
th
anniversary brings to mind the popular adage that ‘life begins at 70’
as well as Confucius' saying that "when I reached 70, I could do as my heart pleased without violating the rules
of propriety." After 70 years of both challenges and growth, CPC has established effective operational systems,
developed extensive marketing channels and cultivated a superb body of human resources. In looking to the
future, we have 3 main aims: to make the best use of our advantages; to work at enhancing our competitiveness;
and to all the while seek ways to make improvements.
Our goal is to be a first-rate energy group and join the ranks of the world's 150 largest corporations. All of us at
CPC are working to ensure that the company will thrive for many years to come. We would like to express to all
of our customers our most sincere gratitude for their having supported us for so long and likewise to all of the
business partners who have helped us grow. We earnestly hope that our customers and partners will continue
to give us respectively their patronage and encouragement, which have been vital in smoothing the path of our
corporate development, achieving even higher levels of performance and doing more to pay back to society.
