Page 24 - 2025 CPC Corporation,Taiwan

Marketing CPC’s marketing of refined petroleum products in its domestic market primarily focuses on the transportation sector— specifically gasoline, diesel, fuel oil, and aviation fuel. In 2024, its sales of those products in Taiwan totaled 17.18 million kiloliters in volume and generated approximately NT$411.8 billion in revenue. Automotive gasoline accounted for the largest share at around 50%, followed by diesel at about 27%, fuel oil at about 11%, and aviation fuel at approximately 12%. The refined petroleum products market within Taiwan is primarily dominated by CPC and the Formosa Plastics Group, with competition intensifying. CPC has diligently capitalized on its marketing network advantage and safeguarded its market share by strengthening its gas station network. As of the end of 2024, there were 2,518 operational stations in Taiwan, with CPC and other entities directly managing 628, while 1,302 were privately owned by CPC franchisees, totaling 1,930. Their sales, as a portion of the total market volume, are as follows: gasoline 80.7%, diesel 77.5%, fuel oil 97.9%, and aviation fuel 59.4%, resulting in an overall market share of 77.7%. Advancing sustainable aviation fuel in line with policy Sustainable Aviation Fuel (SAF) is a key pathway to achieving net-zero emissions in both domestic and global aviation. To meet future SAF demand in Taiwan, CPC has developed a dual-track strategy: short-term imports and long-term local production. In the short term, CPC carried out system planning, setup and operational optimization to qualify as an SAF supplier. CPC became the first company in Taiwan to obtain both sustainability certification for the Aviation Industry (ISCC CORSIA) and sustainability certification for the Transport and Energy Sector in the European Union (ISCC EU). In order to cooperate with the Sustainable Aviation Fuel (SAF) pilot program of Civil Aviation Administration, MOTC, CPC imported its first SAF shipment in February 2025 and, on April 23, supplied SAF for the first time to a Taiwan-registered airline. 22