Chinese Petroleum Corp. to form petrochemical network, global logistics center

By John Westbrook,
OGJ Correspondent

TAIPEI, June 22 -- Taiwan's state-owned Chinese Petroleum Corp. (CPC) plans to form a domestic and overseas petrochemical network as a part of its plan to establish a global logistics center. The domestic network will coordinate the operations of the company's petrochemical production and storage facilities in Chienchen, Taichung Harbor, and Taipei Harbor.

The company recently completed a 15,000 tonne capacity ethylene storage tank at Chienchen and plans to build storage tanks for paraxylene at the new Taipei Harbor.

A company official said that CPC, which holds a 49% stake in the venture, has entered into a joint venture with Ocean Plastics Co. Ltd. and a number of minor partners to build 19 storage tanks for petrochemical products at Taipei Harbor.

Related Articles

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

Watching Government: Propane's 'perfect storm'

03/17/2014 If anyone wants to consider where oil and gas product distribution can go haywire, the recent domestic propane "perfect storm" bears exam...

Winter weather effects

03/17/2014

Much of the US has experienced unrelenting cold weather during January and February.

Energy optimization drives design for Saudi Aramco NGL-recovery plant

02/03/2014 Designing a grassroots NGL-recovery plant in the empty quarter of Saudi Arabia required formulation of energy optimization initiatives because the ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected