遠東集團

Business

Petrochemical and Energy

Petrochemical and Energy Business
 
Petrochemical & Energy is the Group's upstream business to strengthen the development of the chemical fiber business line. The business, initially aimed to ensure stable inflow of raw materials, now focuses on developing specialty chemical products to accelerate the Group's growth and enhance its competitive edge through product differentiation strategies.
 

Far Eastern Group completed vertical integration of its chemical fiber, spinning, weaving, dyeing and apparel businesses in 1971, then further planned and invested in the upstream chemical fiber raw materials so as to ensure stable supply of key raw materials.

In compliance with government policy of promoting petrochemical industry, the Group set up Oriental Union Chemical Corporation in 1975 to produce Ethylene Glycol (EG), polyester raw material. 

The Far Eastern Group later established the joint venture Far Eastern Brunner Mond & Co., (ICI) with British firm Brunner Mond & Co. for the production of Purified Terephthalic Acid (PTA), a key raw material used in the production of polyester. The Group gained full ownership of this joint venture in 2008, at which time it had an annual capacity of 1 million tons, and renamed it the Oriental Petrochemical (Taiwan) Corporation. Furthermore, the Far Eastern Group tapped China's fast-growing polyester market by establishing the Oriental Petrochemical (Shanghai) Corporation, which began PTA production in Shanghai in 2006 and has achieved an annual production capacity of 740,000 tons.

Oriental Union Chemical Corporation has expanded its business lines to specialty chemical products and industrial gas, producing Ethanolamine (EA), Ethylene Carbonate (EC) and several other industrial gases. It launched a manufacturing base of Ethylene Oxide Derivatives (EOD) and EA in Yangzhou, China in 2008 and aggressively ventured into biotechnology and renewal energy developments as well as broadened its innovation scope to achieve the goal of diversified operations

Chiahui Power Corporation is the latest initiative of Far Eastern Group, leveraging its past experiences in waste heat recovery and utilization for power generation at cement plants and consistent with the government's long-term power development plans. Its current commercial operation output reaches 670,000 kilo watts.

 

Year/Company
TEL & URL
Main Service/Products
1975
Oriental Union Chemical Corporation
TEL:  886-2-27193333
www.oucc.com.tw
The manufacturing and selling of Ethylene Glycol, Diethylene Diglycol, Ethylene Oxide, Ethanol Amine, Vinyl Carbonate, Oxygen Gas, Nitrogen Gas, Argon Gas.
1987
Oriental Petrochemical (Taiwan) Co., Ltd.
TEL:  886-3-2729588
www.pta-trade.com
The maunfacturing and selling of Purified Terephthalic Acid (PTA).
1987
Air Liquide Far Eastern Ltd.
TEL:  886-2-77342988
www.tw.airliquide.com
Industrial purpose gases (oxygen gas, nitrogen gas, argon gas, carbon dioxide and various synthetic gases) and their gas supplying facilities.
1996
Chiahui Power Corporation
TEL:  886-5-2721129
www.chiahui.com.tw
The supply of electric power.
2003
Oriental Petrochemical (Shanghai) Corporation
TEL:  86-21-57505780
www.opsc.com.cn
The maunfacturing and selling of Purified Terephthalic Acid (PTA).
2008
Oriental Petrochemical (Yangzhou) Corporation
TEL:  86-514-83213030
www.opyc.com.cn
The Manufacturing and selling Ethanolamines (EA), Polyoxyethylene Lauryl Ether (AEO), Polyethylene Glycols (PEG) and Methoxy Polyethylene Glycol (MPEG).