Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
Taiwan's CPC may invest in Malaysian petrochemical project

May. 14, 2012 (China Knowledge) - Kuokuang Petrochemical Technology Co, 43%-owned by CPC Corp, an oil company based in Taiwan, is evaluating whether to invest in a refining and petrochemical project in Malaysia, said Jessica Tang, a spokeswoman for CPC.

Tang added that Kuokuang may spend between US$10 billion and US$12 billion on the project, which is designed to have an oil refinery with a daily processing capacity of 150,000 tons and a naphtha cracking facility with an annual output capacity of 800,000 tons.

Ming-Huei Chen, vice presidents of CPC, said the project is still waiting for approval from the Taiwan government, adding that the final decision to invest in the project would be made by middle of next year.

The proposed Malaysian facility is expected to replace CPC's existing 220,000-ton refinery in Kaohsiung, Taiwan, as the backward refinery will be shut down in the near future, sources reported.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved