CPC Venture Shifts to Gas to Salvage Taiwan Project

CPC Venture Shifts to Gas to Salvage Taiwan Project

CPC via Bloomberg

State-run CPC, Taiwan’s largest refiner, is counting on the project’s 300,000 barrel-a-day refinery and an ethylene plant to compete with rival Formosa Plastics Group. The Kuokuang venture will help CPC make up for lost capacity when one of its refineries in the south of the island is decommissioned.