Taiwan's Formosa wins appeal on plant conditions

Dec 07, 2012
Smoke billows out of chimneys at a factory in Tungshan, a township in Taiwan, in 2009. Taiwan's leading conglomerate Formosa Plastics said Friday it won an appeal against strict environmental conditions the government imposed on the building of a $180 million petrochemical plant.

Taiwan's leading conglomerate Formosa Plastics said Friday it won an appeal against strict environmental conditions the government imposed on the building of a $180 million petrochemical plant.

Formosa turned to the cabinet appeals committee this year after the Environmental Protection Administration put in place the rules over certain types of emissions at the plant in Yunlin county, western Taiwan.

The project, part of an expansion of a vast petrochemical manufacturing complex run by the group, is a joint venture with US-based Kraton Performance Polymers to produce high-end rubber goods, it said.

Formosa Petrochemical chairman Chen Bao-lang told reporters that the company hopes to begin construction on the new plant next year with operations set for 2014.

Formosa Plastics is one of Taiwan's largest industrial conglomerates with investments in plastics, petrochemicals, semiconductors and bio-.

Taiwan has toughened reviews on petrochemical investment following calls from environmentalists that the island, long plagued by , can no longer afford such large energy-guzzling endeavours.

Last year, the government slammed the brakes on a controversial $20 billion project by Kuokuang Technology to build a refinery and 20 related plants because of environmental concerns.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

Taiwan Cement plans large solar power plant

Oct 11, 2010

Taiwan largest cement maker plans to build a large solar power plant, the company and local media said Monday, confirming a trend for the island's companies to focus increasingly on green technologies.

US tech giant Qualcomm to build new Taiwan plant

Jan 04, 2011

US technology giant Qualcomm plans to spend one billion US dollars to build a plant in Taiwan to produce new, energy-efficient displays used in tablet devices and e-books, an official said Tuesday.

Taiwan agrees AUO $800 mn China investment

Jun 22, 2011

Taiwan on Wednesday gave the green light for a project by leading flat-panel maker AU Optronics to spend nearly $800 million on a stake in a Chinese firm, officials said.

Taiwan's TSMC to invest over $9 billion in plant

Jul 16, 2010

Taiwan Semiconductor Manufacturing Co., the world's largest contract microchip maker, said Friday it would invest more than nine billion US dollars building a new plant on the island.

Recommended for you

Why the Sony hack isn't big news in Japan

3 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

8 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

9 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

22 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.