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CPC CPC
http://www.cpc.com.tw/english/
Chinese Petroleum Corporation (CPC) is the No.1 enterprise in the Republic of China with 18,900 employees and a variety of functional units around the island. As a state-run enterprise, our company is responsible for the development and supply of petroleum and natural gas, and is the core of Taiwan's petrochemical industry.
Following the Government's move toward privatization of state-owned enterprises and an open domestic petroleum market, CPC is now making provisions to meet the tough competition ahead and to achieve its scheduled privatization by 2001. Our vision of the future is to become a safer, cleanr, and internationally more competitive energy conglomerate in the next century.
Woes hamper CPC privatisation
The privatisation of Chinese Petroleum Corp (CPC) will be 'impossible' to achieve this year because of politics and other problems, a source said.
A source from CPC said there is 'not enough time' to sort out all the problems, including labour concerns about job security.
The Taiwan government, which owns 100% of CPC, wants to sell more than 50% of its stake. It is expected to maintain a 34% stake in the company after it is privatised.
2003/3/18 Financial Times
China American Petrochemical to start trial run of new PTA plant
run
China American Petrochemical Co., Ltd. (CAPCO), a local PTA (purified terephthalic acid) producer, will start trial run of a new PTA plant at the end of this month. CAPCO has completed the new PTA plant in the Taichung Harbor area located in Taichung County, central Taiwan. The new plant has an annual production capacity of 700,000 metric tons, larger than the 450,000 metric tons for most of the newly established PTA plants around the world, CAPCO indicated.
Chinese American Petrochemical Company (CAPCO) is again proceeding with plans to build a sixth pure terephthalic acid (PTA) plant in southern Taiwan. CAPCO is a Taiwan-U.S. joint venture formed in 1976. U.S. partner Amoco holds a 50 percent stake in the project with Chinese Petroleum Corp. and the Central Investment Holding Company splitting the remaining half.
Platts 2004/2/13
Taiwan CPC to scrap, replace No 3 petrochemical complex by 2010
The new cracker would have the capacity to produce 1-mil mt/yr of ethylene; 500,000 mt/yr of propylene and 140,000 mt/yr of butadiene.
中国・ASEANニュース速報 2004年8月4日
【台湾】中油の新プラント、エチレン100万トンへ
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0408_1/04080405.htm経済部（経済省）投資審議委員会は２日、中国石油の第３ナフサ分解工場の拡張計画を認可した。2011年の完成時には、エチレンの年産量が100トンまで増大する予定だ。
今回の計画では、高雄県林園郷の林園石化工業区の第３ナフサ分解工場に新たに30ヘクタール分の新プラントを設ける。
新プラントが完成する2011年には、エチレンの年産量が現在の23万トンから100万トンに、プロピレンは同15万トンから60万トンに、ブタジエンは同４万トンから17万トンに増加する予定。
2004年9月6日（月） 中国・ＡＳＥＡＮニュース速報
【台湾】中油、サウジアラビアでナフサ精製
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0409_2/04090601.htm
中国石油はサウジアラビアで合弁によるナフサ精製プラントを建設する。
合弁先は、サウジアラビア政府が70％出資するサウジ基礎産業公社（ＳＡＢＩＣ）。折半出資で1,200億台湾元を投じ、エチレン年産120万トン分のナフサプラントを建設する。
2004/9/4 The China Post
CPC mulls joint naphtha cracker plant with Saudi Arabian company
Chinese Petroleum Corp. (CPC) is in talks with Saudi Basic Industries Corp. (SABIC) on a joint-venture naphtha cracker plant in Saudi Arabia.
The NT$120 billion project is expected to achieve an annual ethylene capacity of 1.2 million tons and CPC wants to contribute at least half of the capital to the investment, CPC said.
SABIC is ranked the world's 11th chemical producer, and the third largest PE supplier. Seventy percent of the company is controlled by the Saudi Arabia government, and the remainder by other Gulf countries.
Other than the naphtha cracker plant, CPC is also planning to invest US$540 million for a methanol plant through the Qatar Fuel Additives Company (QAFAC), a company of which CPC holds 20 percent of the stake.
International oil companies like ExxonMobil, BP, Shell and Dow have been investing in China, but petrochemical and downstream oil companies in Taiwan are restrained from setting up plants in China, or injecting capital into a mainland entity over a certain level.
Still, compared to China, raw materials of oil products are a lot cheaper in the Middle East.
"Although there are constrains over time and distance, the prices of the Middle East oil products are still competitive after swapping in the market," a CPC official said. "Our investment in QAFAC has turned profitable four years ago, and now sees an annual profit of US$120 billion."
As a state-run company that has had business relations with the Arab companies, CPC is better positioned to seek alternatives for oil materials in the Far East.