Page 5 - CPC 2018 Annual Report

MESSAGE FROM THE CHAIRMAN 3
- advancing the development of solar energy photovoltaic systems and green building certification for our gas stations. This constitutes a constructive response to government policies for energy conservation and carbon emissions reduction and will help to create a green energy-based, low-carbon environment in Taiwan.
Climate change will continue to shape the global energy system in the future and so CPC's main challenge still lies in the consequent need for reorganization of the energy and petrochemicals industries. CPC actively embraces this challenge and aims to successfully develop new business models and create new business opportunities in the transformation process. As an example, and in response to the limited room for development of the domestic petrochemicals sector, we are engaged in evaluating the feasibility of, and then planning, the establishment overseas of Taiwanese petrochemicals industry clusters jointly with host-country domestic petrochemicals players. We shall also make full use of our existing foreign operations and reinvestment companies (e.g. the Maxihub Company in Vietnam) to develop our presence in those ASEAN and south Asian markets that have high growth potential.
In addition, and in response to government policy calling for full electrification (or hybridization) of all domestically-produced vehicles and motorcycles by 2040, CPC plans to accelerate the transition of its gas stations to green energy stations and in doing so go all out to develop the market for both EV charging stations and battery exchange. That plan mandates completing the installation of 1,000 electric vehicle charging and battery exchange facilities in gas stations and public areas within 3 years, based on the pilot CPC Green Energy Gas Station that will be completed this year (2018) and which will integrate the concepts of productivity, energy storage and energy consumption. Going further, we shall introduce new applications such as big data, smart applications and the IoT to build micro grids enabling those sites to become green energy suppliers to their neighboring communities.
CPC will continue to uphold and strive for the ideals of ‘100% labor safety, zero accidents and zero environmental pollution’ through maintaining safe and consistent work practices in its operations. We shall also exemplify the spirit of 'giving back to the society from which we have benefited', while sharpening our competitive edge to increase profitability and so contribute to both Taiwan’s economic growth and local area development. CPC will hold to providing Taiwan’s people with high-quality and efficacious energy products and services, while remaining committed to energy saving, reducing carbon emissions and environmental and ecological conservation. We will carry on with our concern for the disadvantaged groups in our society and will implement a CSR program that will help us to achieve our goals for sustainable development and becoming a competitive, international energy company.
President