The Minister of Economic Affairs Shih Yen-shiang of Taiwan, revealed that the government is considering an alternative to relocate the development project for the country's eighth naphtha cracker taken up by the Kuokuang Petrochemical Technology Co. (KPTC) in a foreign country.
While visiting the leading research institution of the country, Academia Sinica, the Minister said that from the economic standpoint, development projects as important as that of the installation of the naphtha cracker should be taken up within the country. The government can, however, decide to relocate such projects to foreign countries if these projects have a serious impact on the environment of the country.
He further added that the government will not allow the company to proceed with its naphtha cracker project unless it undergoes environmental impact assessment (EIA).
The eighth naphtha cracker project as well as the already prevailing sixth naphtha cracking plant situated in Mailiao in the Yunlin County of Taiwan, which was sanctioned by the Ministry of Economic Affairs, goes against the policies of the government, particularly those which focus on energy-saving and reduction of carbon dioxide emissions.
The functioning of the sixth naphtha cracking plant has caused serious damage to the various resources such as air, water and soil in the areas located in the vicinity of the plant.
The eighth plant will cause further damage to the areas surrounding the plant which has been planned to be constructed in Changhua County in the central part of Taiwan in close proximity to the estuary of the Jhuoshuei River. Once the plant starts its operations, it is anticipated to cause 25 percent of the country's carbon dioxide emissions.
Fibre2fashion News Desk - India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
