Radio Taiwan International
Date: 2018-01-15

Taiwan’s state-run energy company — CPC Corporation, Taiwan — is teaming up with the government of India to set up a petrochemical park there. That’s in line with the Taiwan government’s New Southbound Policy, which aims to expand ties with countries in Southeast Asia and South Asia.

On Monday, CPC said that in order for the petrochemical plant to be efficient, ethylene production should reach one million tons a year. Therefore, it said the initial investment would be at least NT$170 billion dollars (or nearly US$5.7 billion). A Japanese company has already expressed interest in the venture and will travel to India this month to explore the possibilities.

CPC said that the plant will face competition from other international and local businesses. But if Taiwanese, Japanese and Indian partners work together on the project, that will give them an advantage. CPC will hold a 49-50% share while the other 50% will be held by Taiwanese, Japanese, and Indian partners.    [FULL  STORY]