Page 46 - 2023 CPC Corporation,Taiwan

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CPC’s Affiliates
CPC’s joint venture strategy is: “on the foundation of the core business, active expansion into fields of petrochemicals (upstream and downstream), new energy, high value-added petrochemicals, and international investments.” The company aims to boost its bottom line by selectively introducing patented technologies to develop high-value-added products with its own materials and technologies for petrochemical products. Total investment in these 15 joint venture entities, as of the end of 2022, was NT$21.109 billion, generating an unaudited investment income of NT$686 million in 2022 and cash dividends of NT$1.93 billion over the same period.

gas, and implementation of government policy. Of the 15, eight are based in Taiwan and seven are based overseas.

CHINA AMERICAN PETROCHEMICAL CO. LTD. (CAPCO)

its plant is located in the Taichung Harbor in Taiwan’s central region. CPC holds 38.57% of the company’s equity, including preferred stock. CAPCO’s production units have implemented improvement programs to lower production costs and boost market competitiveness.
DAI HAI PETROL CORP. (DHP)
Established in 1994, with CPC holding 35% of the equity, DHP is headquartered in Haiphong, Vietnam. The branch station is located in HaTay province. The company engages in businesses including storage, transportation, supply,
QATAR FUEL ADDITIVES COMPANY LIMITED (QAFAC)
Qatar Fuel Additives Company Limited (QAFAC) was established in 1996, with CPC holding 20% of the equity. Located

CHUN PIN ENTERPRISE CO., LTD. (CPEC)
Chun Pin Enterprise Co. was established in 1998, with CPC holding 49% of the equity, to set up and operate a storage and transportation center as part of the Phase II development of Taipei Harbor. CPEC is engaged in the storage and transshipment of petroleum and petrochemical products, and is currently formulating a plan to move its storage tanks to reclaimed land in the outer harbor of the Port of Taipei.
KUOKUANG POWER CO., LTD. (KKPC)
KuoKuang Power Co. was established in 2000, with CPC holding 45% of the equity, under the government’s policy of opening up power generation to private operators to alleviate the power supply shortfall in northern Taiwan. The entity District of Taoyuan City.
NIMIC SHIP HOLDING CO., LTD. (NSHC)
Established in 2006, with CPC holding 45% of the equity, NSHC has four ship-owning companies under its umbrella. It has built four LNG carriers to transport LNG from Qatar’s Ras Laffan II. In compliance with the IMO’s environmental install a ballast water management system for LNG carriers.
NIMIC SHIP MANAGEMENT CO., LTD. (NSMC)
Established in 2006, with CPC holding 45% of the equity, NSMC is responsible for operating and managing the four

the installation of a ballast water management system for the four LNG carriers in 2018, NSMC also has an ongoing cooperative program with NTOU and NKMU aimed at developing a pool of Taiwanese seafarers.
GLOBAL ENERGY MARITIME CO. (GEMCO)
Established in 2011, with CPC holding 48% of the equity, GEMCO has built three double-hulled VLCCs with a capacity of 300,000 DWT and a double-hulled LR1 vessel with a capacity of 80,000 DWT, engaged in shipping crude oil and the scrubber system for VLCCs.
ICHTHYS LNG PTY LTD (ILPL)
Established in 2011, with CPC holding 2.625% of the equity, ILPL pipes natural gas from Australia’s offshore Ichthys

shipped in November 2018.
MAXIHUB COMPANY LIMITED (MAXIHUB)
Established in 2014, with CPC holding 40% of the equity since 2016, MAXIHUB plans to build a wharf, tank farm, and a lubricant blending factory in Dong Nai Province, Vietnam. The company was founded to manufacture and process lubricating oils, base oil, and solvent chemicals, and to provide storage and warehouse services. The lubricant blending factory started its trial operation in January 2022.