The Impacts Analysis of Kuokuang Petrochemical Technology Co. (KPTC) on the Development of the Petrochemical Industry in Taiwan

Kuokuang Petrochemical Technology Co. (KPTC) was established in January, 2006, with capital investment totaling NT$ 527 million, and more than 80% of its shares are from CPC Corporation, the Far Eastern Group, and the Chang Chun Group. Originally slated for the Sin-sing Industrial Zone within the Yunlin off-shore industrial zone, the KPTC project went through three environmental impact assessments in one year, and ended up with three different assessment reports in February of 2008. Because the environmental impact assessments are time-consuming and uncertain, KPTC began to plan for “the coastal industrial zone in Tacheng, Changhua” under the active lobbying from Changhua County. By November, 2008, the project has been promoted....