Page 16 - 2021 CPC Corporation,Taiwan

CPC Corporation, Taiwan
Imports crude oil
Downstream Operations
Being responsible for stable domestic oil and gas supply
Importing & Refining
As Taiwan’s domestic production of crude oil yields only extremely low volumes, CPC needs to import virtually all of the crude it refines to supply its domestic market. To ensure stability, CPC works to both maximize procurement on long-term contracts and to diversify its sources of crude.
128.4
million barrels
Imports in 2020 amounted to 128.4 million barrels; of that total, 50.39% came from the Middle East, 41.33% from the USA, 8.28% from Africa. In recent years, imports of low-sulfur crude have been maintained at a set ratio of the total to enable compliance with Taiwan’s ever more stringent environmental protection standards.
To import crude oil, CPC has installed offshore mooring pontoons for unloading large oil tankers: at Shalun in Taoyuan and at Dalinpu in Kaohsiung. The company has also built dedicated tanker loading/unloading berths in the ports of Kaohsiung, Taichung and ShenAo.
Quality and output value increase
CPC now operates two refineries in Taiwan — at Taoyuan and Dalin— with a combined daily refining capacity of 600,000 barrels of crude. Under government policy for industry relocation, Kaohsiung Refinery, an integrated refining and petrochemical production and storage complex with a daily refining capacity of 220,000 barrels of crude as well as 500,000 tons of ethylene annually, ceased operations in late 2015. Upon closure, its refining activity was transferred to the expanded Dalin refinery and its ethylene production to the then new Third Naphtha Cracker in the Linyuan Petrochemical Complex.
USA 41.33%
Middle East
50.39%
Africa 8.28%