INDIA INVESTMENT: The firm is still mulling a plan to build a petrochemical park in Mundra, but faces funding uncertainty after Adani Group pulled its planned funding

Taipei Times
Date: Apr 17, 2018
By: Kuo Chia-erh  /  Staff reporter

State-owned oil refiner CPC Corp, Taiwan (台灣中油) yesterday said it is in talks with potential partners to move its older Kaohsiung naphtha cracker to another country after a deal with Indonesia was aborted.

The company prefers to relocate the entire plant abroad, CPC chairman Tai Chein (戴謙) told the legislature yesterday, adding that it would take nearly nine months to restart the cracker in a new site.

CPC is also considering dismantling the plant and selling the refining equipment, company vice president Ann Bih (畢淑蒨) told the Taipei Times via telephone.

The company plans to outline a detailed timetable for the disposal of the cracker in the first half of this year, Bih added.    [FULL  STORY]