Home / Knowledge / News / Textiles / Ethylene shortage if Kuokuang project dropped – Official
Ethylene shortage if Kuokuang project dropped – Official
08
Apr '11
A Ministry of Economic Affairs official recently said that, if the proposed project for development of petrochemical is dropped, it would cause Taiwan to face shortage of ethylene by 2015.

Director-General of the Industrial Development Bureau, Woody Duh said that, after closure of the state-owned oil refinery CPC Corp., Taiwan's fifth naphtha cracker in Kaohsiung in 2015, this proposed project of the Kuokuang Complex would evolve as the most important supply source.

He said that, with growth of the economy, the demand for petrochemical products is set to rise, and thus the project is very much needed to balance the shortfall occurring due to closure of the fifth naphtha cracker.

Taiwan presently, with an annual production of three million tons, manages to fulfil around 97 percent of its domestic demand for ethylene, the official stated and also added that, 500,000 tons of this overall production is contributed by CPC's fifth naphtha cracker.

As construction of a petrochemical plant would require around four to five years, Duh averred that, if the Kuokuang project is not given green signal soon, the industry would confront shortage of ethylene, making it difficult for the industry to stand in competition with others in the region.

The official even revealed that, around four years back, Singapore started pushing its petrochemical industry, somewhere around the same time when Taiwan started promoting its Kuokuang project.

Singapore's petrochemical park has already drawn investments from the Netherlands and the United States, and the city-state now each year produces over three million tons of ethylene, extending tough competition for the Taiwanese petrochemical industry.

Kuokuang Petrochemical Technology Co., a partner firm of CPC, launched the Kuokuang project, to enhance the oil refining capacity and to boost production of petrochemicals like ethylene.

According to the conservationists, the Kuokuang Complex would generate negative effects, besides causing harm to the domestic aquaculture industry and the Dacheng Wetland, where the complex is proposed to be set up, it would also imperil the health of the residents of that region. All this together would subjugate the financial gains from this complex, the ecologists claimed.

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search