Focus Taiwan
Date: 2018/04/09
By: Liao Yu-yang and Ko Lin

Taipei, April 9 (CNA) A plan by state-owned oil company CPC Corp., Taiwan to relocate its

CNA file photo

closed Kaohsiung naphtha cracker plant to Indonesia fell through on Monday after its Indonesian partner nixed the move, the Taiwanese company has announced.

Pertamina, Indonesia’s state-owned oil and gas company, ended up seeing the move as being too costly and felt the funds that would have been devoted to the CPC plant could be used instead to build a new naphtha cracking plant, CPC said.

CPC had been in talks to set up a joint venture with the Jakarta-based company to move its fifth naphtha cracker plant to the Indonesia.    [FULL  STORY]