Home / Knowledge / News / Textiles / CPC backs off from controversial Kuokuang project
CPC backs off from controversial Kuokuang project
Apr '11
Chen Bao-lang, Chairman of the Kuokuang Petrochemical Technology Co. informed legislators that, his firm is set to officially call back the application for assessment of ecological effects of its plan of constructing a naphtha cracker plant in Changhua County, which apparently means an end of the project.

The state-run CPC Corp., during a Board Meeting on April 27, would request the Environmental Protection Administration to cancel its application for environmental assessment. Besides, CPC would also discuss future prospects of the petrochemical firm with other private shareholders, during the meeting.

As revealed by Chen during a parliamentary hearing, CPC Corp. is the sole largest shareholder of the Kuokuang project, holding around 43 percent stock.

The private shareholders, who jointly hold majority shares in the Kuokuang project, have power to compel Kuokuang to keep the project going, but there are meagre possibilities, as President Ma Ying-jeou has also turned down the project.

Around NT$900 billion has already been invested in the project by now, with NT$630 billion in the first phase in Changhua and the rest for construction of the second phase.

According to an expert, after closure of the Taiwan's Kaohsiung based fifth naphtha cracker plant, CPC Corp. would increase ethylene imports, to meet the shortfall of over 300,000 tons of the vital raw material.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

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

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search