Page 29 - 2022 CPC Corporation,Taiwan

SOLVENTS & CHEMICALS: breaking into the international market and the development of green products CPC created its Solvent and Chemical Business Division in April, 1999. It mainly produces petroleum solvents, additives for refinery processes, and a variety of products in small packages at the Chiayi plant. The Division outsources the production of specialty coatings to a producer in Kaohsiung. In terms of sales, its four major product lines include asphalt, solvents, chemicals, additives and coating for storage tanks, pipeline equipment. The asphalt products the Division produces are of high-quality, have a good reputation, and are mainly used for domestic pavement projects. In 2021, it took about 55% domestic market share. In response to climate change, the Division has continued to produce Polymer-Modified Asphalt that can adapt to high temperatures and wet weather, and it has invested in new asphalt storage tanks in recent years, in order to further enhance its asphalt production and storage system and improve domestic road quality. Solvents produced by the Division include Aliphatic Hydrocarbon solvents, aromatics solvents, toluene, mixed xylene and a variety of products in small packages. Thanks to its sound development capabilities and technologies, complete transport and storage system, and the quality of its premium products, the Division had about 60% market share in 2021. It is the market leader in the domestic petroleum solvents industry. Chemicals produced by the Division include normal paraffin, octene dimate, methanol, etc. In particular, its normal paraffin has not only been sold to domestic detergent producers as a raw material, but it has also been exported to China, India, the U.S and some European countries during the COVID-19 pandemic, successfully expanding its business territory by satisfying the needs of different international customers with adjustments to the product ingredients. In order to meet processing needs and occupational safety and environmental regulations, CPC has developed its own additives and specialty coatings to meet the maintenance and operational needs of its refineries, in order to reduce the operating processing risks. In 2019 and 2020, CPC’s intake-system cleaners and fluorinated paint won the National Brand Yushan Award for Best Product. CPC has actively integrated the sales channels of its specialty chemicals and solvent products, refined its services to improve its product quality and image, and has committed itself to the development of new green products and new business in the pursuit of sustainable development, in line with the international community’s continuing push for carbon-reduction. 26 27