Project Profile
Value: US$24 billion
Area: 2000 hectares
Refinery: 300,000 bbl/day
Ammonia: 800,000 tonne/year
Ethylene: 1,200,000 tonne/year
Startup Year: 2018
The project will see the construction of a new refinery and petrochemicals complex, which will include a 300,000 bpd refinery, naphtha cracker - 1.2 million tpa ethylene, aromatics complex - 800,000 tpa paraxylene, 23 plants for middle and downstream operations, 14 cogeneration plants and 13 docks.
CPC is Kuokuang\'s largest stakeholder with 43%, with the rest held by other private Taiwanese companies.
The project is cancelled due to poor project economics.
Consortium Operators:
CPC Corporation (CPC): 43% interest
Chang Chum Group
China Man-Made Fiber Corporation
Fubon Financial Holding Venture Capital
Ho Tung Holding Corporation
Oriental Union Chemical Corporation
Pan Asia Chemical Group