The Executive Yuan is considering a proposal to set up a special zone for petrochemical companies in Greater Kaohsiung in the wake of the deadly gas pipeline explosions that rocked the city on July 31 and Aug. 1, an official confirmed yesterday.
Premier Jiang Yi-huah (江宜樺) is to meet with Ministry of Economic Affairs officials next week to discuss the issue, Cabinet spokesman Sun Lih-chyun (孫立群) said.
While confirming that the premier was briefed on the proposal earlier this week, Sun said there has been no decision on whether to adopt the plan.
According to a story in the Chinese-language United Daily News yesterday, the plan involves relocating existing petrochemical complexes in Greater Kaohsiung to a place in the port area to avoid having underground pipelines runnign through the city’s residential areas.
Under the plan, the government would reclaim 400 hectares in the waters off the city’s Siaogang District (小港) to build a special zone for petrochemical plants, which are currently scattered around the city.
The project would cost an estimated NT$50 billion (US$1.67 billion) and is likely to be completed in 2017, the paper said.
The petrochemical industry in the city has been under scrutiny after last month’s deadly explosions, which are believed to have been caused by a propylene leak in an underground pipeline owned by LCY Chemical Corp (李長榮化學).
With an annual output of more than NT$900 billion (US$30 billion), the petrochemical industry accounts for nearly a quarter of the city’s industrial output, government data show.
More than 200,000 of the city’s 2.77 million residents are directly or indirectly employed in the petrochemical industry.
However, the government’s plan to set up a new industrial zone for petrochemical companies is likely to face stiff opposition in Siaogang.
Greater Kaohsiung Mayor Chen Chu (陳菊) yesterday said any plan to build a special petrochemical zone needs to be discussed with the city’s residents.
The top priority at present is to ensure safety in existing pipelines owned by the many petrochemical companies in the city, she said.
CRITICAL MOVE: TSMC’s plan to invest another US$100 billion in US chipmaking would boost Taiwan’s competitive edge in the global market, the premier said The government would ensure that the most advanced chipmaking technology stays in Taiwan while assisting Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in investing overseas, the Presidential Office said yesterday. The statement follows a joint announcement by the world’s largest contract chipmaker and US President Donald Trump on Monday that TSMC would invest an additional US$100 billion over the next four years to expand its semiconductor manufacturing operations in the US, which would include construction of three new chip fabrication plants, two advanced packaging facilities, and a research and development center. The government knew about the deal in advance and would assist, Presidential
‘DANGEROUS GAME’: Legislative Yuan budget cuts have already become a point of discussion for Democrats and Republicans in Washington, Elbridge Colby said Taiwan’s fall to China “would be a disaster for American interests” and Taipei must raise defense spending to deter Beijing, US President Donald Trump’s pick to lead Pentagon policy, Elbridge Colby, said on Tuesday during his US Senate confirmation hearing. The nominee for US undersecretary of defense for policy told the Armed Services Committee that Washington needs to motivate Taiwan to avoid a conflict with China and that he is “profoundly disturbed” about its perceived reluctance to raise defense spending closer to 10 percent of GDP. Colby, a China hawk who also served in the Pentagon in Trump’s first team,
SEPARATE: The MAC rebutted Beijing’s claim that Taiwan is China’s province, asserting that UN Resolution 2758 neither mentions Taiwan nor grants the PRC authority over it The “status quo” of democratic Taiwan and autocratic China not belonging to each other has long been recognized by the international community, the Mainland Affairs Council (MAC) said yesterday in its rebuttal of Beijing’s claim that Taiwan can only be represented in the UN as “Taiwan, Province of China.” Chinese Minister of Foreign Affairs Wang Yi (王毅) yesterday at a news conference of the third session at the 14th National People’s Congress said that Taiwan can only be referred to as “Taiwan, Province of China” at the UN. Taiwan is an inseparable part of Chinese territory, which is not only history but
INVESTMENT WATCH: The US activity would not affect the firm’s investment in Taiwan, where 11 production lines would likely be completed this year, C.C. Wei said Investments by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in the US should not be a cause for concern, but rather seen as the moment that the company and Taiwan stepped into the global spotlight, President William Lai (賴清德) told a news conference at the Presidential Office in Taipei yesterday alongside TSMC chairman and chief executive officer C.C. Wei (魏哲家). Wei and US President Donald Trump in Washington on Monday announced plans to invest US$100 billion in the US to build three advanced foundries, two packaging plants, and a research and development center, after Trump threatened to slap tariffs on chips made