December 2001

Trends and Resources

HP In Brief: HPIn Brief

Taiwan's government has opened the door for Taiwanese companies to develop large-scale chemical projects in mainland China. Under the previous regulation, companies were limited to investment spending..

Weirauch, Wendy, Hydrocarbon Processing Staff

Taiwan's government has opened the door for Taiwanese companies to develop large-scale chemical projects in mainland China. Under the previous regulation, companies were limited to investment spending of $50 million in China and banned from producing 7,181 specific products, including petrochemical products, downstream derivatives and high-tech related items. As of Dec. 1, 2001, the $50-million ceiling will be lifted, and the ban will slowly be phased out. Under the new regulations, any investment over $20 million will need approval by the Ministry of Economic Affairs (MoEA). Steady demand for petrochemicals and plastics in China, as well as lower labor costs, has created pressure on the Tai

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