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Asian petrochemical players to continue investing in green

May 27/2011

(ICIS) -- Asian petrochemical players should continue investing in green energy and technologies to keep the industry sustainable, amid tighter environmental regulations and high energy costs, top industry officials said on Friday.

Environmental protection, conservation and pollution should continue to be a key initiative for all businesses across our industry, said Preston Chen, chairman of the Petrochemical Industry Association of Taiwan.

As with many countries in Asia, Taiwans government and petrochemical industry are working together to reduce carbon dioxide (CO2) emissions, said Chen.

He was speaking at the sidelines of the Asia Petrochemical Industry Conference (APIC), which is being held at Fukuoka in Japan on 26-27 May.

Chen added that the collaboration in Taiwan has also initiated many other efforts to reduce pollution and conserve energy.

Investments made by petrochemical industry players in green energy and other related fields, such as biotechnology, semiconductor and other high-tech industries inter-related with the petrochemical supply chain, is expected to contribute more to the future growth of the industry, Chen added.

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