Fourth naphtha cracker to be activated
Taiwan's state-run CPC Corp has activated its fourth naphtha cracker to boost ethylene supply and ease concerns over plastic material shortages. The move is expected to add 19,000 tonnes of supply this month and 30,000 tonnes next month, amid tensions in the Middle East that have disrupted global petrochemical supply chains.
Taiwan's CPC Corp has activated its fourth naphtha cracker to boost ethylene supply. The move aims to ease concerns over plastic material shortages amid tensions in the Middle East. The new supply is expected to add 19,000 tonnes this month and 30,000 tonnes next month. CPC Corp has also pledged to supply ethylene feedstock to major polyethylene producers. The company has raised natural gas prices for domestic power generators by 41.58% due to rising energy costs. The price hike is expected to raise power generation costs by NT$10 billion.
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