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China American Petrochemical Co. Ltd. (CAPCO)
Established in 1976, CAPCO is the major supplier of purified
terephthalic acid (PTA) to the polyester industry in Taiwan; its
plant is located at the West Terminal of Taichung Harbor in
central Taiwan. CPC holds 38.57% of the company's equity,
including preferred stock.
Dai Hai Petroleum Corp. (DHP)
Established in 1994, the Dai Hai Petroleum Corp. is
headquartered in Haiphong, Vietnam. The company engages
primarily in the storage, transport and supply of LPG and other
petroleum products in northern Vietnam by means of its own
receiving, storage and distribution facilities and one LPG filling
station. CPC holds 35% of its equity.
Qatar Fuel Additives Company Limited (QAFAC)
Qatar Fuel Additives Company Limited (QAFAC), of which CPC
holds 20% of the equity, was established in 1996. Located in
Qatar's Mesaieed Industrial Zone, it chiefly produces methanol
and methyl tert-butyl ether (MTBE).
Faraway Maritimes Shipping Co. (FMSC)
The Faraway Maritimes Shipping Co. was jointly established
in 1997 by CPC and its foreign partner Osprey to build and
operate the Matsu-class LNG carrier vessel Golar Mazo, for
transporting LNG from the Badak VI gas field in Indonesia to
Taiwan. CPC holds 40% of the company's equity.
Chun Pin Enterprise Co., Ltd. (CPEC)
The Chun Pin Enterprise Co. was established in 1998 to set
up a storage and transportation center as part of the Phase II
development of Taipei Harbor; it is engaged in the storage and
transshipment of petroleum and petrochemical products. CPC
holds 49% of its equity.
KuoKuang Power Co. Ltd. (KKPC)
The KuoKuang Power Co. was established in 2000 for the
construction and operation of a gas-fired power plant with an
installed capacity of 480 MW at Gueishan District, Taoyuan City,
under the government's policy of opening up power generation
to private operators to alleviate the power supply shortfall in
northern Taiwan. CPC holds 45% of the company's equity.
Kuokuang PetrochemicalTechnology Co. (KPTC)
CPC and other local companies in the petrochemical sector
established KPTC as a joint-venture in 2006 to facilitate the
upstream, midstream, and downstream vertical integration
of oil refining and petrochemical production, in the hope that
it would encourage the petrochemical industry to remain in
Taiwan and help promote overall economic development. In
response to the government's petrochemicals industry policy
of "enhancing quality in Taiwan, expanding quantity overseas",
KPTC is currently assessing alternative domestic and foreign
investment plans in light of the difficulties in securing a domestic
production base. CPC holds 43% of the company's equity.
NiMiC Ship Holding Co., Ltd. (NSHC)
This joint-venture has four ship-owning companies under its
umbrella and has built four LNG tankers to carry LNG for CPC from
Qatar's RasGas II plant. CPC holds 45% of the company's equity.
NiMiC Ship Management Co., Ltd. (NSMC)
Established in 2006, NSMC is responsible for the operation
and management of the four LNG tankers built by NSHC. CPC
holds 45% of the company's equity.
RasLaffan Lique ed Natural Gas Company
Limited II (RasGas II)
CPC invested in RasGas II in 2008 and owns 5% of the
B shares in the company's fifth LNG production line. The
company's operations include natural gas production and
liquefaction into LNG, as well as marketing.
Global Energy Maritime Co. (GEMCO)
GEMCO was established in 2011 to build one VLCC vessel and
a refined product tanker. The former, GEM No.1, was completed
in July 2016. CPC holds 48% of the company's equity.
Taiwan Advanced Materials Co., Ltd. (TAMC)
Established in 2012, TAMC plans to produce high value-added
petrochemical derivatives such as styrene - isoprenestyrene
(SIS) block copolymer, dicyclopentadiene (DCPD), and C5
petroleum resins. CPC holds 49% of the company's equity.
Ichthys LNG Pty Ltd (ILPL)
Established in 2011, ILPL will liquefy natural gas lifted from the
Ichthys Gas-condensate Field offshore Western Australia at a
plant to be constructed in Darwin for production of LNG, LPG
and condensate. CPC holds 2.625% of the company's equity.
Taiwan-Japan Oxo Chemical Industries Inc.
(TJOC)
Established in 2015, TJOC plans to produce high value-
added petrochemical derivatives such as Isononyl alcohol
(INA), Butene trimer (BT), and MTBE. CPC holds 47% of the
company's equity.
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CPC's Affiliates and Subsidiaries