CPC Corp, Taiwan (CPC, 台灣中油) is still mulling a plan to set up a refinery in Indonesia, but expects the Indonesian government to offer better incentives, a company official said yesterday.
“We are still assessing various investment conditions in Indonesia, but we need to negotiate with the Indonesian government over, for example, tariff reductions,” Quentin Yao (姚坤泰), the director of CPC’s department of joint ventures, told reporters.
His remarks came in the wake of a report in the Chinese--language United Daily News on the same day that CPC chairman Chu Shao-hua (朱少華) had confirmed that Indonesia had offered three islands as possible locations for the company to set up an oil refinery.
Chu, however, said the state-owned oil company was likely to choose only one of them and he added that the deal would be off if the terms were deemed unsatisfactory.
Yao said CPC still expected Indonesia to grant preferential measures, including tariff removal and utility bill cuts.
He added that the company would phase out a refinery in Taiwan and could move the old facilities to Indonesia.
Meanwhile, an official from the Council of Agriculture told the Central News Agency on condition of anonymity that the Indonesian government had invited Taiwan to help develop its Morotai Island.
The council will send a team to Morotai, which has coal mines and abundant aquatic resources, to conduct an assessment next week at the earliest, the official said.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,
Swancor Renewable Energy Co (上緯新能源) yesterday announced plans for a 4.4 gigawatt (GW) offshore wind project off Miaoli County as part of its commitment toward Taiwan’s energy transformation, the company said in a statement. The “Formosa 4” project includes three deep-water wind farms 18km to 20km off the coast, Swancor Renewable CEO Lucas Lin (林雍堯) said, adding that planning for the project began last year. A proposal for Formosa 4 was this week submitted to the Environmental Protection Agency (EPA), the company said. Swancor Renewable jointly developed the Formosa 1 project, a 128 megawatt (MW) wind farm about 4km off Miaoli and the