Page 19 - 2022 CPC Corporation,Taiwan

CPC in Petrochemicals CPC’s major petrochemical production facilities are its Linyuan Petrochemical Plant run by the Petrochemical Business Division as well as the Taoyuan and Dalin refineries operating under its Refining Business Division. The RFCC units in the two refineries at Dalin and Taoyuan produce propylene products, while the naphtha crackers and butadiene extraction units at the Linyuan Petrochemical Plant produce ethylene, propylene and butadiene products. Aromatics extraction units produce benzene, toluene and mixed xylene. Currently, CPC’s annual production capacities for basic petrochemical raw materials are 1.07 million metric tons of ethylene, 1.194 million tons of propylene, 158 thousand metric tons (KTA) of butadiene, 274 KTA of benzene, 321 KTA of toluene and 507 KTA of mixed xylene. As a pioneer of the upstream petrochemical business in Taiwan, CPC has continued to invest in a variety of upstream petrochemical businesses to drive the development of domestic petrochemical industry, which has contributed to the economic miracle of Taiwan. In recent years, it has been dedicated to equipment upgrade and capacity expansion in order to reduce the shortage of petrochemical raw materials supply. Starting in 2005, CPC implemented the “New No. 3 Naphtha Cracker” project at the Linyuan Petrochemical Complex, with a total investment of over NT$40 billion. This new No. 3 Naphtha Cracker started to produce ethylene that meets specific standards in 2013 with an ethylene capacity of 720 KTA, propylene capacity of 370 KTA and butadiene capacity of 100 KTA. It is a supplier of petrochemical raw materials to both downstream businesses in Linyuan Industrial Park, and businesses in Renda Industrial Park, whose supply was originally provided by the No.5 Naphtha Cracker, creating economic benefits that are worth around NT$ 100 billion per year. CPC plans to evaluate the expansion of petrochemical production capacity based on market demand, so as to fully supply basic raw materials for downstream players. Refining-petrochemicals integration with low-carbon transformation In response to the growth of global electric vehicles market and support government’s energy transition policy, CPC has conducted integration of its refining and petrochemical businesses, and it has reduced its production of gasoline and diesel and has produced more chemicals. In addition, CPC has reduced the severity of pollution from its plants, decreased the energy consumption of its operations and it has strengthened safety at its facilities, through the supply of raw materials among different business units, and its plan to create a synergy of its resources and public facilities through high-degree integration. In addition, the implementation of carbon capture, utilization and storage technology (CCUS) is under evaluation to establish a low-carbon operation field. Towards high value materials in line with policy In the face of the challenges posed by climate change and depletion of natural resources, CPC actively complies with the government’s “Circular Economy” Policy by turning petrochemical by-products used as fuel or previously regarded as industrial waste into value-added products. For example, the utilization of the heavy oil from naphtha cracker for soft-carbon material production to supply the lithium battery industry, and the purification of Dicyclopentadiene (DCPD) from pyrolysis gasoline for wind turbine blade production. CPC aims to create benefits for both economic development and environmental protection by adhering to the principles of sustainable operations, which is also an important element in its efforts to surmount the challenge of industrial transformation. 16 17