Taiwan's CPC Corp in talks to shift cracker abroad

The current talks have been initiated after Indonesia’s state-owned oil and gas company, PT Pertamina, backed out from buying the cracker, citing in part the plant’s relatively small capacity. The Kaohsiung cracker can produce 500,000 tonnes of ethylene, compared to 1 million tonnes generated by its global competitors.

Though CPC is considering various options, it prefers to relocate the entire plant abroad, Taiwanese media reported quoting CPC chairman Tai Chen. (RKS)

ALCHEMPro News Desk – India