Singapore-State-owned CPC plans to invest T$39.4 billion ($1.35 billion) on upgrading its Taoyuan refinery in northern Taiwan to add a 70,000 b/d hydrodesulfurization unit to pro- duce cleaner fuels. "The project will improve the refining structure, enhance feedstock quality for the heavy oil catalytic cracking plant, help save transportation cost in reducing the flow of oil products produced in the south to the north, and improve utilization rates of secondary units at the refinery," the company said in a statement.
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