Home / Knowledge / News / Textiles / Kuokuang effect - Another firm puts on hold naphtha cracker project
Kuokuang effect - Another firm puts on hold naphtha cracker project
Apr '11
Considering the difficult situation prevailing after the Kuokuang Petrochemical Technology Co. dropped its project, Formosa Plastics Group (FPG) is likely to delay its fifth-stage expansion project for its petrochemical complex in Yunlin County's Mailiao industrial zone, in southern Taiwan, for an indefinite period.

As revealed by an FPG official, if a proposal for the fifth-stage expansion project is put forth for approval at this point in time, it may be get trapped into a political cross fire, as Presidential elections are approaching.

Moreover, FPG still needs to gain support of people residing in proximity of the project site, and hence it is very risky to present the project at this time, particularly in view of the adversities that Kuokuang project had to face.

Yunlin County government has firmly opposed the fifth-stage expansion project, in view of several incidences that jeopardized public-safety at FPG`s petrochemical complex, the sixth Taiwanese naphtha cracking complex.

As such, FPG is now inclined on prioritizing and taking further the fourth-stage expansion project, which has already cleared environmental assessment.

However, the fourth-stage project still needs to undergo environmental impact assessment. as its project has been revised as it would now include the PV poly-silicon project, which actually was a fifth-phase expansion project proposal.

In order to ensure that the revised fourth-stage expansion project is passed, the Group intends to drop some of the projects like oil refineries with high pollution traits, and introduce new projects intended at production of high value-added goods like hydrogenated rubber.

Possibilities are even there that, FPG may shift a larger part of the fifth-stage expansion project to some foreign country.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search