Home / Knowledge / News / Textiles / Cutback in petrochemical project to meet EIA requirements
Cutback in petrochemical project to meet EIA requirements
Jan '11
The state-owned oil refiner CPC Corp, Taiwan recently revealed that the Kuokuang Petrochemical Park investment project will undergo a proportional reduction so that it can pass the environmental impact assessment (EIA).

According to the CPC Chairman – Chu Shao-hua, initially there will be a cutback in the investment from over NT$900 billion (US $30.87 billion) to NT$600.5 billion.

He also pointed out that the estimated production of the oil refinery is likely to be reduced from 450,000 barrels to 300,000 barrels a day, whereas the projected ethylene yield is expected to be decreased from 2.4 million tons to 1.2 million tons every year.

He said that the number of units in the petrochemical park will be reduced to 25 from 41 with its overall area coming down to 1,900 hectares from 2,600 hectares.

CPC has entered into a joint venture with some private companies to form Kuokuang Petrochemical Technology Co (KPTC).

According to Chu, around 43 percent of the total investment that is NT$250 billion will be invested by CPC.

The result of the environmental impact assessment is likely to come out either in the end of February or in the beginning of March, this year.

The project was under consideration since 1990s. The proposed site of the park has also undergone several changes owing to the protests made by the local inhabitants.

The local inhabitants as well as the environmentalists have raised objections to the plan, saying that it would lead to irreparable damage to the flora as well as fauna of the region and put the marine life under serious threat as the ecosystem of the region has already become fragile.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search