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Malaysia to be considered as alternative for Kuokuang project
15
Apr '11
Minister of Economic Affairs, Shih Yen-shiang recently informed the legislators that, two sites in Malaysia are being considered as alternative sites for the proposed Kuokuang Petrochemical Park and are now going through feasibility tests.

Besides, Indonesia is also being considered as a proposed site for shifting the project. However, China and the Middle East have been excluded from the list of possible sites.

State-owned oil refinery CPC Corp, Taiwan's officials paid a visit to two of the sites in Malaysia to carry out feasibility check. The two sites included Johor state to the north of Singapore and Port Klang near Kuala Lumpur, the Minister said and added that, studies are also being undertaken in Indonesia and other countries of the world.

However, Taiwan still remains to be the main site under consideration for the project, he said and clarified that, the other sites are being assessed simultaneously owing to the concerns that the park may fail to clear the Environmental Impact Assessments, or may pass the same subject to stringent stipulations, which would make it less feasible.

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

However, the project that has undergone over 20 environmental assessments and has been held up for over the last five years, has countered several oppositions from ecologists and inhabitants of Changhua County, where the park is proposed to be set up, over apprehensions of health hazards and possibilities that it may cause harm to oyster and eel farms in the region.

Malaysia recently stated that it would study the Kuokuang project, and if finds it advantageous for the country's economy, would subsidise the same.

Fibre2fashion News Desk - India

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