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Advancing to a brighter future through
innovative business operations
CPC was founded on June 1, 1946 with a mandate to lead the country's energy sector. For the 70 years since then we
have fulfilled that commitment, taking responsibility for the development of national energy resources. We have consistently
ensured steady supplies of petroleum products despite recurring oil crises, liberalization of the domestic market and
fluctuating prices. While facing these challenges, we have not wavered in making our contribution to the nation's economic
progress and welfare.
Taiwan lacks viable hydrocarbon resources and so relies heavily on international imports. As a state-owned company and
Taiwan's sole energy enterprise with exploration and production expertise, CPC is seeking to increase its autonomy in the
upstream oil & gas supply chain by collaborating with a number of oil-producing countries and international oil companies
and importing from a wider range of suppliers. To expand our reach and international presence, we have established
overseas offices in countries such as Singapore, Qatar and the UAE and are branching out into collaborative international
investment.
In response to the global call for lower carbon usage and the domestic launch of regulations to control greenhouse gas
emissions, natural gas - with its lower carbon profile - is expected to play a key role during the energy conversion phase
of fossil fuel reduction. CPC aims to reduce the consumption of other fossil fuels and mitigate at source the generation of
energy-related pollution by expanding capacity at its Taichung LNG terminal, constructing a third LNG plant in northern
Taiwan and building out a gas storage and transmission network that will ensure a constant supply. In addition, we will
continue to deploy greenhouse gas-reduction measures in our plants and develop new energy technology in the fields of
solar/photovoltaic, biomass, hydrogen and geothermal.
True to our pledge to the government, the Kaohsiung refinery ceased operations in 2015. The petrochemical plants in Dalin
and Linyuan, which are undergoing expansion, will take over its production. Meanwhile the second phase of a new oil and
petrochemical storage and transportation center within Kaohsiung Intercontinental Container Terminal is already underway,
creating a new and far-reaching network for the transportation of fuel supplies.
Providing our customers with the best possible service has always been at the core of our mission. We will continue
upgrading our services and products while diversifying and consolidating our business model. We will also stay abreast of
developments in energy sources and hold to the policy of importing oil and natural gas from a wide range of suppliers.
CPC 2016
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