MOSCOW (MRC) -- Taiwan's state-owned CPC Corp. is in negotiations with an unidentified Indonesian firm regarding the purchase and relocation of CPC's Kaohsiung, Taiwan, naphtha cracker to Indonesia, according to Apic-online with reference to Taipei Times, citing CPC Chairman Lin Sheng-chung.
Lin noted several foreign companies have expressed interest in acquiring the 25-year-old cracker, which is scheduled to close or be moved this year because of environmental protests by local residents.
"The talks with the Indonesian company are more promising compared with other companies, and we plan to settle the details before the end of this year," Lin said.
In addition to purchasing the cracker, the Indonesian company is also interested in acquiring the technology as well as operation and maintenance expertise, and has proposed a partnership with CPC in Indonesia.
As MRC informed earlier, in March 2015, CPC Corp's refinery in the Kaohsiung area reported leaks of propylene gas. Wu Yi-fang, head of CPC's Talin refinery, said a loose connector in the six-inch piping system transporting the colorless gas to its Linyuan plant caused the leak.
CPC Corporation, Taiwan is engaged in the exploration, production, refining, procurement, transportation, storage, and marketing of oil and gas. The company provides fuel oil, including automotive unleaded gasoline and diesel fuel, low-sulfur fuel oil, marine distillate fuels, marine residual fuels, and aviation fuel; petrochemicals, such as ethylene, propylene, butadiene, benzene, para-xylene, and ortho-xylene; liquefied petroleum gas products comprising liquefied petroleum gas, propane, butane, and a propane/butane mixture; lubricants, motor oil, industrial oil, grease, and marilube oil; SNC products, including petroleum ether, naphtha, toluene, xylene, crude octene, methyl alcohol, normal paraffin, viscosity-graded asphalt cement, and sulfur; and natural gas.
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