Kuokuang Petrochemical Technology Co, which last week was forced to scrap its plan to build a naphtha cracking plant in -Changhua County, yesterday criticized the government’s policy on the petrochemical industry as being inconsistent and unpredictable.
Kuokuang chairman Chen Bao-lang (陳寶郎) said the government lacked an integrated development plan, which had resulted in frequent policy shifts.
“Why wasn’t the government aware that there were valuable wetlands in Changhua?” he asked on the sidelines of a board meeting. “If it was aware, why didn’t it tell us at the very beginning of the project?”
Chen was referring to his company’s plan to build a petrochemical complex in a wetlands area. The project had been under heavy fire for months from environmental and other groups, prior to a decision by the Environmental Protection Administration (EPA) on whether it should be allowed to proceed.
President Ma Ying-jeou’s (馬英九) open opposition to the project was seen as a major factor in the EPA committee’s recommendation that the project either be rejected or conditionally approved.
Chen said environmental impact assessment (EIA) procedures need to be overhauled so that controversial projects can be reviewed more thoroughly and political responsibility can be more clearly defined.
“You can’t expect experts and academics to be responsible for an investment project of this scale,” Chen said. “It’s not fair to them and it’s not fair to us.”
Chen also criticized the policy of leaving it to investors to collect and analyze the environmental and economic data required to obtain approval for investment projects.
This means that a new review has to be conducted each time a company becomes interested in making an investment — a procedure that is both exhausting and unproductive, Chen said.
“The government should use its authority to establish a public database so, whether a project has been approved or not, the related data is available for future reference,” he said.
At the board meeting yesterday, six board members from major investors, including CPC Corp, Taiwan, and Far Eastern Group, formalized the withdrawal of the plan as proposed by CPC last week.
Expressing regret on behalf of the firm’s shareholders, Chen said the company would not be disbanded.
“We have agreed to keep looking for other investment opportunities, both domestically and internationally,” Chen said.
Specifically, the company will be eyeing investment opportunities for higher-value petrochemical production in Taiwan that fits the country’s industrial policy.
Meanwhile, the company will remain committed to producing petrochemicals by searching for possible sites for naphtha cracking plants in other countries.
Despite recent speculation that Kuokuang might move the project to Malaysia or Indonesia, Chen said investors have not yet pinpointed any overseas location.
In addition, he said the company would not need to solicit extra capital, “at least for a while.”
Although several stakeholders raised the issue of compensation at the meeting, Chen quelled speculation that the company might sue the government for delaying, then canceling, the proposed Changhua plant.
“Of course, we investors have been treated unfairly considering the amount of time and money we have put into the project, but considering our chances of winning a lawsuit, we have decided to give up altogether,” Chen said.
At a separate setting yesterday, Premier Wu Den-yih (吳敦義) denied that Minister of Economic Affairs Shih Yen-shiang (施顏祥) would be replaced to take responsibility for the controversy surrounding the Kuokuang project.
“Minister Shih has been faithful to his duty. Furthermore, if someone has to take the blame, it should be the [previous] Democratic Progressive Party government, which strongly pushed the project since 1995,” Wu said.
ADDITIONAL REPORTING BY SHIH HSIU-CHUAN
China has reserved offshore airspace in the Yellow Sea and East China Sea from March 27 to May 6, issuing alerts usually used to warn of military exercises, although no such exercises have been announced, the Wall Street Journal (WSJ) reported yesterday. Reserving such a large area for 40 days without explanation is an “unusual step,” as military exercises normally only last a few days, the paper said. These alerts, known as Notice to Air Missions (Notams), “are intended to inform pilots and aviation authorities of temporary airspace hazards or restrictions,” the article said. The airspace reserved in the alert is
NAMING SPAT: The foreign ministry called on Denmark to propose an acceptable solution to the erroneous nationality used for Taiwanese on residence permits Taiwan has revoked some privileges for Danish diplomatic staff over a Danish permit that lists “Taiwan” as “China,” Eric Huang (黃鈞耀), head of the Ministry of Foreign Affairs’ Department of European Affairs, told a news conference in Taipei yesterday. Reporters asked Huang whether the Danish government had responded to the ministry’s request that it correct the nationality on Danish residence permits of Taiwanese, which has been listed as “China” since 2024. Taiwan’s representative office in Denmark continues to communicate with the Danish government, and the ministry has revoked some privileges previously granted to Danish representatives in Taiwan and would continue to review
More than 6,000 Taiwanese students have participated in exchange programs in China over the past two years, despite the Mainland Affairs Council’s (MAC) “orange light” travel advisory, government records showed. The MAC’s publicly available registry showed that Taiwanese college and university students who went on exchange programs across the Strait numbered 3,592 and 2,966 people respectively. The National Immigration Agency data revealed that 2,296 and 2,551 Chinese students visited Taiwan for study in the same two years. A review of the Web sites of publicly-run universities and colleges showed that Taiwanese higher education institutions continued to recruit students for Chinese educational programs without
A bipartisan group of US senators has introduced a bill to enhance cooperation with Taiwan on drone development and to reduce reliance on supply chains linked to China. The proposed Blue Skies for Taiwan Act of 2026 was introduced by Republican US senators Ted Cruz and John Curtis, and Democratic US senators Jeff Merkley and Andy Kim. The legislation seeks to ease constraints on Taiwan-US cooperation in uncrewed aerial systems (UAS), including dependence on China-sourced components, limited access to capital and regulatory barriers under US export controls, a news release issued by Cruz on Wednesday said. The bill would establish a "Blue UAS
RSS