| Summary: | 碩士 === 國立交通大學 === 高階主管管理碩士學程 === 99 === Taiwan’s petrochemical industry was mired in difficulties to build new crackers and petrochemical plants in Taiwan during the recent years except Formosa petrochemical company. Taiwan government will not issue the permission to the CPC to invest new cracker in China and other Asia countries as well.
CPC petroleum corporation, Taiwan, a state oil company, has the responsibility to fully supply the oil products to domestic market and can not completed reflect the feed cost if oil price jump high to over USD100/bbl. The deficit would not get any compensation from the government. However, the petrochemical business get profit annual as the business is highly competiable in the international market, the governement will not control the sale price.
After our analysis of other related international petrochemical companies with different methodology in this study, we get some conclusions as following:
a. CPC should raise the investment on Petrochemical business.
b. The capacity for the new building nathpha crackers should exceed 800kt.
c. Should invest immediately no matter the location
d. Forcus on the new business on the Twelfth five year plan of China
e. Take the benefit from the effect of ECFA
f. To invest the downstream petrochemical product industries to avoid the impact of the low price products from Mid-East countries
g. Enter new products’ industries and control own technologies.
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