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New KPTC projects to boost ethylene supply
25
Aug '08
After studying the operations of oil industry, analysts predicted that in future the supply of ethylene alongwith other raw-materials will be tight.

Recognizing this, Taiwan-based Kuo kuang Petrochemical Technology Co (KPTC) has drafted a two-phase plan for establishing a full-fledged production facility.

Company spokesperson revealed that around NT $400.5 billion will be invested within 2008-2017 period for the first phase.

This plan will include construction of a crude oil refinery with production of 300,000 barrels oil per day, naphtha cracking plant with 1.2 million tons ethylene output per year and an aromatics plant with capacity of 1.5 million tons.

This phase will also comprise 23 petrochemical plants in middle and lower reaches, 11 sets of steam and power symbiotic devices, and construction of an industrial port.

Insiders said that, foreseeing the huge demand and inadequate supply for ethylene in Taiwan as well as global markets, Kuokuang has decided to pre-pone the launch of its second phase.

This second segment planned for 2015-2021 will have an investment of NT $360 billion. This includes the construction of 150,000 barrels oil per day refinery, naphtha cracking plant for 120 tons ethylene per year and aromatic plant with an annual output of 1.3 million tons.

There will be 16 petrochemical plants in middle and lower reaches, 5 sets of steam and power symbiotic devices, and also construction of an industrial port.

Fibre2fashion News Desk - China

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