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Kuokuang proposes to execute first phase in Taiwan
12
Apr '11
Chen Bao-lang, Chairman of the Kuokuang Petrochemical Technology Co., Ltd. (KPTC) which is constructing the controversial petrochemical complex in Changhwa County, recently revealed that, KPTC would only execute the first-phase of construction of the petrochemical complex in Taiwan, while the second-phase would be executed in some foreign country.

He underlined that, if they could not make their first-phase investment in Taiwan, it would put at risk the entire petrochemical industry.

However, he revealed that, limiting the two phases of the development project to only one in the central county of Changhwa's Fangyuan Township, would lead to a sharp reduction in the use of water from 40 metric tons to 22 metric tons.

The water proposed to be utilized for the purpose would be obtained through processing the waste water of livestock farms, industrial plants and households in the greater Taichung region, and thus would not anyhow affect the supply of water for irrigation, he said.

The first phase of the project would see 25 petrochemical units being constructed in the Kuokuang Petrochemical Complex, with collective capacity of refining 300,000 barrels of crude oil each day, and producing 1.2 million metric tons of ethylene per year, he said.

He sounded a note of caution, when he said that, if the company fails to execute its first-phase construction, it would ruin the country's petrochemical industry. The allied industries like textile, rubber and plastics, optoelectronics and new technology industries would also be badly hit.

Fibre2fashion News Desk - India


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