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State-run oil refiner mulling new operational hubs in Taiwan
Central News Agency
2014-08-22 11:35 PM
Taipei, Aug. 22 (CNA) State-run oil refiner CPC Corp., Taiwan, is planning to establish two storage and piping hubs in Taiwan to receive imports of ethylene and propylene, CPC Corp. Chairman Lin Sheng-chung said Friday. One of the proposed facilities will be located in northern Taiwan, preferably in Taoyuan County where the company is planning a natural gas receiving station, Lin said, adding that Taipei Port would also be an option. The other operational hub will be situated in southern Taiwan, he said.

Lin explained that crude oil and its derivatives need solid facilities for storage and piping. Demand for such facilities will be greater, he said, once the company shuts down its aging fifth naphtha cracker complex in Kaohsiung, forcing CPC Corp. to import ethylene and propylene from overseas to meet a domestic gap in supply. (By Milly Lin and Elizabeth Hsu)

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