Taiwan’s CPC considers new petchem investments in India, Indonesia, US
by ChemOrbis Editorial Team - content@chemorbis.com
According to Taiwan’s local media sources, the country’s state-owned refiner CPC Corp. is interested in establishing a petrochemical development zone in India.
Accordingly, CPC and several other petrochemical companies visited India this year to examine the country’s market dynamics. The Taiwanese company is expected to partner with several other producers, namely with renowned Japanese investors who previously showed interest in the possible petrochemical park project in Mundra, India.
The company is mulling over setting up an ethylene unit in the petrochemical park in India with an estimated capacity ranging from 1 million tons/year to 1.5 million tons/year.
CPC will also reportedly move its mothballed naphtha cracker in Taiwan to Indonesia, where the company is planning to set up a petrochemical park in Indonesia. The cracker is scheduled to be relocated in Indonesia by the end of next year.
The media also reported that the company is evaluating a possible investment project in the US, while the exact location of the project remains undecided.
Accordingly, CPC and several other petrochemical companies visited India this year to examine the country’s market dynamics. The Taiwanese company is expected to partner with several other producers, namely with renowned Japanese investors who previously showed interest in the possible petrochemical park project in Mundra, India.
The company is mulling over setting up an ethylene unit in the petrochemical park in India with an estimated capacity ranging from 1 million tons/year to 1.5 million tons/year.
CPC will also reportedly move its mothballed naphtha cracker in Taiwan to Indonesia, where the company is planning to set up a petrochemical park in Indonesia. The cracker is scheduled to be relocated in Indonesia by the end of next year.
The media also reported that the company is evaluating a possible investment project in the US, while the exact location of the project remains undecided.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
