2016-11-15
The Ministry of Economic Affairs assisted the Taiwan-America joint-venture investment to establish the Kraton Formosa Polymers Corporation (KFPC) in 2012, in order to produce high value-added petrochemical products in Taiwan. Now, the mass production of KFPC will start formally to operate. It was the first mass production case for the promotion of high value-added petrochemical products in our country. The product can be extensively applied to the development of the 5 2 industrial innovative scheme in our country at present.
The capital cost of KFPC is NT$ 7,800 million, and the product is Hydrogenated Styrenic Block Copolymer (HSBC), which is a high performance synthetic elastomer. HSBC has good flexibility, elasticity, strength, durability, processing and recoverable properties, and the final products of HSBC can be applied to various industries such as medical treatment, panel and automobile etc. The market price of HSBC is about 2-3 times of general rubber. The future output value is up to NT$ 4.5~6.0 billion per year that can drive the development of downstream industrial chain for about NT$ 15 billion.
The new factory plan of KFPC introduced the advanced clean manufacturing processes. The various environmental indicators of new factory in Taiwan will be superior in America and in Europe that the air pollutants emission, greenhouse gases emission, and water use reduction of this new factory will comply with the latest environmental protection regulations to really decrease pollution. The new factory of KFPC was established in November 2016, will formally operate after an recent official confirmation of EIA(environmental impact assessment) commitment.
The KFPC is the first successful case for our country to promote the high value-added policy in petrochemical industry, and it will not be the last case. The Ministry of Economic Affairs is carrying out 12 cases in pilot plant project, thematic research and development project, industry upgrading and innovation platform program that will drive in about NT$ 15 billion of investment and the production value will be NT$ 60 billion. In the future, the government will keep promoting high valued-added petrochemical industry to cooperate with the development of the 5 2 industrial innovative scheme, to develop the green innovative materials, to create the downstream application in the market. Not only does petrochemical industry can realize high value-added but also can achieve the goal of sustainable development in Taiwan.
Source： Industrial Development Bureau, MOEA
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