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

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Rahuul Jashnani

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

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Indian fashion industry

Organic the first choice of any environment-conscious person

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search