CPC Corp, Pertamina mull new naphtha cracking plant
06 Jun 18 1 min read
The proposed plant will have a capacity to produce 1 million metric tons of ethylene per year, according to CPC, Taiwanese media reports said.
CPC is likely to invite investment from Taiwanese companies in the new project through a public bidding process, according to the company’s vice president Huang Jen-hung. An assessment report on the project is expected to be completed by November-end this year.
Pertamina had earlier backed out from buying CPC’s Kaohsiung naphtha cracker, citing in part the plant’s relatively small capacity of 500,000 tons, compared to 1 million tons generated by its global competitors. Pertamina had also rejected a plan to relocate the entire Kaohsiung plant to Indonesia.
CPC has now initiated a plan to sell the Kaohsiung facility in full or in part by public tender. (RKS)
Fibre2Fashion News Desk – India
Popular News
|
|
Indian fashion retailers make significant strides in sustainability |
|
|
Europe’s home textile imports decline to below pre-pandemic levels |
|
|
Techtextil & Texprocess 2024 highlight future of textile processing |
|
|
Vietnam’s textile & apparel sector sees FDI revival: Reports |
|
|
IMF proposes Bangladesh to scrap tax rebates for 33 sectors: Reports |
|
|
India continues to be fastest-growing major economy: Finance ministry |
