Ministry of Economic Affairs: "Petrochemical Industry High-Valueization Plan" output value estimated to reach 51.2 billion yuan

The Industrial Development Bureau of the Ministry of Economic Affairs held the "2016 Petrochemical High-Valueization Plan Results Presentation" on November 17 at the Southern Fashion Innovation Base in Kaohsiung. Since 2012, the Industrial Development Bureau has established a petrochemical industry high-valueization promotion platform, and cumulative results through this year have been remarkable: it subsidized 7 pilot mass-production R&D projects, assisted 13 companies in completing the establishment of R&D centers, organized 20 key material R&D alliances and 31 product application R&D alliances, linked downstream product certification, development, and mass production, accelerated the commercialization of end-use application products, drove manufacturer investment of 11.8 billion yuan, and is estimated to increase output value to 51.2 billion yuan.

To assist manufacturers in breaking through development problems at various stages and move toward high-valueization, since 2012 it has successfully assisted 13 companies, including China Petrochemical Development Corporation and UPC Technology Corporation, in setting up R&D centers in Taiwan, developing independent key technologies, with the R&D share of revenue rising from 0.34% in 2010 to 0.91% in 2015; it assisted with 22 cases of removing investment obstacles, including Chang Chun's successful patent infringement appeal, Taiwan BASF's accelerated acquisition of a change of license case, USI Corporation's acquisition of the CBC pilot mass-production construction license case, and Lee Chang Yung's Dashe Plant construction license application case, facilitating high-valueization investment of 92.8 billion yuan.

The Ministry of Economic Affairs uses policy resources to connect industry, academia, and research energy to promote the high-valueization of the petrochemical industry. Key promotion plans include the "High-Value Chemical Materials Promotion Platform Plan," "Key Chemical Materials Gap Linking Promotion Plan," "Plastic and Rubber Membrane Panel Industry Development Guidance and Promotion Plan," "Fiber-Reinforced Composite Materials Industry Integration Promotion Plan," "Southern Industry Living Application Promotion Plan," and "Safe Plastic Products Renewal Promotion Plan," among others.

The presentation invited companies such as Formosa Petrochemical, Chi Mei, Shinkong Synthetic Fibers, Huan Tuo, Chien Hua, Yu Jen Chai, and Kuant Ta to share their experience in participating in Industrial Development Bureau plans and related results.