Page 19 - CPC 2018 Annual Report

CPC PETROCHEMICALS: THE WHERE AND HOW OF PRODUCTION
CPC’s principal petrochemicals production sites are its Linyuan Petrochemicals Complex - run by the Petrochemicals Business Division - as well as the Taoyuan and Dalin refineries operating under its Refining Business Division.
2017 Total annual revenue from petrochemical products
NT$
The heavy fuel oil conversion plants at Taoyuan and
Dalin produce propylene; the naphtha cracker and
butadiene extraction plants at the Linyuan site produce ethylene, propylene and butadiene products, while its aromatics extraction facility produces benzene, toluene and xylene. CPC’s current annual production capacity for petrochemical raw materials comprises 1.07 million tons of ethylene, 1.194 million tons of propylene, 158,000 tons of butadiene, 274,000 tons of benzene, 321,000 tons of toluene and 507,000 tons of xylene.
PIONEERING THE PETROCHEMICALS INDUSTRY: COMMITTED TO INNOVATIVE DEVELOPMENT
CPC’s long-term investment in upstream petrochemicals manufacturing has helped drive the industry’s development and also support and sustain Taiwan’s economic miracle. In recent years, the company has put greater effort into updating equipment and expanding production capacity so as to eliminate any possibility of a shortfall in the supply of raw materials to downstream users. Starting in 2005, a total of NT$40 billion was invested in upgrading the Linyuan site’s Third Naphtha Cracker and production of high-quality ethylene began in 2013. That renovated and expanded Third Naphtha Cracker now produces annually 720,000 tons of ethylene, 370,000 tons of propylene and 100,000 tons of butadiene. As well as supplying downstream manufacturers in the adjacent industrial park, the Linyuan plant provides petrochemical materials to companies in the Renda Industrial Park that were previously supplied by the Fifth Naphtha Cracker. The Linyuan complex generates about NT$60 billion in annual revenue and its evident success has both encouraged downstream companies to invest and helped raise profitability in the industry to a new level. Looking ahead, CPC plans to employ new processes, low-energy consumption technologies and economies of scale to provide the downstream part of the petrochemical industry with reliably adequate supplies of such key raw materials as ethylene and propylene.
In the context of the challenges posed by climate change and depletion of natural resources, CPC lends practical support to the government’s Circular Economy policy by turning petrochemical by-products used as fuel or previously regarded as industrial waste into value-added products. Going further, the company aims to create a win-win situation between economic development and environmental protection by adhering to the principles of sustainable operations in its efforts to overcome the challenge of industrial transformation.
92.53
billion
DOWNSTREAM OPERATIONS 17