Taiwan may build eighth naphtha cracker

Taiwanese state oil firm Chinese Petroleum Corp. and the Chiayi County government have signed a letter of intent calling for CPC to build Taiwan's eighth naphtha cracker.The CPC project still requires approval from the central government, a process that depends on the results of an environmental impact assessment. But this latest development brings the proposed project one step closer to reality.CPC official Liao Chang-Long says the letter of intent is the beginning of a very demanding process. It took the Formosa Group more than a decade after government approval (in 1986) to construct its naphtha cracker complex.Taiwan Premier Vincent Siew said the CPC project would call for a capit...

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