Search This Blog

Saturday, April 9, 2011

Taiwan Mulls Overseas Petrochem Complex in Indonesia

Black smoke billows from a petrochemical factory on fire following clashes between pro and anti-Kadhafi militants close to the eastern Libyan oil town of Ras Lanuf on March 12, 2011. Pro government forces retook Ras Lanuf and near by Bin Jawad from rebel forces fighting to topple the regime since February 15.

A senior official says Taiwan may scrap a contentious plan to build a $20 billion petrochemical complex on reclaimed land on its western coast.
The plan to build the complex to refine crude oil and produce ethylene has been stalled for five years amid protests by residents at the planned site in the central Taiwanese county of Changhua. Economics Minister Shih Yen-hsiang said Thursday the project's private investors are considering moving the facilities overseas.
His deputy Huang Chung-chiou said Malaysia and Indonesia are among the favored choices. Taiwan's government-run petroleum company is one of the main investors in the project.

No comments:

Post a Comment