CPC Corp, Pertamina mull new naphtha cracking plant

The proposed plant will have a capacity to produce 1 million metric tons of ethylene per year, according to CPC, Taiwanese media reports said.

CPC is likely to invite investment from Taiwanese companies in the new project through a public bidding process, according to the company’s vice president Huang Jen-hung. An assessment report on the project is expected to be completed by November-end this year.

Pertamina had earlier backed out from buying CPC’s Kaohsiung naphtha cracker, citing in part the plant’s relatively small capacity of 500,000 tons, compared to 1 million tons generated by its global competitors. Pertamina had also rejected a plan to relocate the entire Kaohsiung plant to Indonesia.

CPC has now initiated a plan to sell the Kaohsiung facility in full or in part by public tender. (RKS)

Fibre2Fashion News Desk – India