Page 39 - CPC 2018 Annual Report

CPC'S AFFILIATES AND SUBSIDIARIES 37
CHINA AMERICAN PETROCHEMICAL CO. LTD. (CAPCO)
Established in 1976, CAPCO is the major supplier of purified terephthalic acid (PTA) to the polyester textile industry in Taiwan. Its plant is located in 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, Dai Hai Petroleum Corp. is headquartered in the port of Haiphong, Vietnam. The company is primarily engaged in the storage, transport and distribution of LPG and other petroleum products in northern Vietnam by means of its own receiving, storage and supply facilities, as well as a filling station in Ha Tay Province. CPC holds 35% of the equity.
QATAR FUEL ADDITIVES COMPANY LIMITED (QAFAC)
Qatar Fuel Additives Company Limited (QAFAC) was established in 1996. Located in Qatar’s Mesaieed Industrial Zone, it produces chiefly methanol and methyl tert-butyl ether (MTBE). CPC holds 20% of the company’s equity.
FARAWAY MARITIME SHIPPING CO. (FMSC)
Faraway Maritime Shipping Co. was jointly established in 1997 by CPC and its foreign partner Golar to build and operate the Matsu-class LNG carrier vessel Golar Mazo for transporting LNG from the Badak VI gas field offshore Indonesia to Taiwan. CPC holds 40% of the company’s equity.
CHUN PIN ENTERPRISE CO., LTD. (CPEC)
Chun Pin Enterprise Co. was established in 1998 to set up and operate 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 the equity.
KUOKUANG POWER CO., LTD. (KKPC)
KuoKuang Power Co. was established in 2000 under the government’s policy of opening up power generation to private operators to alleviate the power-supply shortfall in northern Taiwan. The project conxsisted of the construction and operation of a gas-fired power plant with an installed capacity of 480 MW in the Guishan District of Taoyuan City. CPC holds 45% of the company’s equity.
NIMIC SHIP HOLDING CO., LTD. (NSHC)
Established in 2006 by CPC’s Japanese partners, NYK and Mitsui. NSHC has four ship-owning companies under its umbrella. It has built four LNG vessels shipping LNG to 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 vessels built by NSHC. CPC holds 45% of the company’s equity.
GLOBAL ENERGY MARITIME CO. (GEMCO)
Established in 2011, GEMCO plans to build three VLCC vessels with a volume of 300,000 tons and one LR1 vessel with a volume of 80,000 tons for transporting crude oil. CPC holds 48% of the company’s equity.
ICHTHYS LNG PTY LTD (ILPL)
ILPL was established in 2011 to supply natural gas from the Ichthys gas-condensate field offshore Western Australia to its plant in Darwin for production of LNG, LPG and condensate. CPC holds 2.625% of the company’s equity and will be a foundation customer.
TAIWAN-JAPAN OXO CHEMICAL INDUSTRIES INC. (TJOC)
Established in 2015, TJOC’s mission is 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.
MAXIHUB COMPANY LIMITED (MAXIHUB)
Established in 2014, MAXIHUB plans to build a wharf, tank farm and lubricant blending factory in Dong Nai Province, Vietnam. The company was established to manufacture and process lubricating oil, and also to provide storage and warehouse services. CPC took a 40% equity position in the company in 2016.