Formosa Petrochemical Co., Ltd., founded in 1992, is a subsidiary of Formosa Plastics Group, a private petroleum refining company in China, and a large petrochemical basic raw material manufacturing enterprise in China
Formosa Plastics Petrochemical Company was established in 92 by Formosa Plastics, Nanya, Taiwanhua, Taishuo Heavy Industries, Fumao and other companies, responsible for the construction of an annual crude oil refining refinery of 21 million metric tons, an annual output of 1.35 million metric tons of light oil cracking plant and a total power generation capacity of 1.82 million kilometres of steam and electricity cogeneration plant, other companies are preparing to build 40 petrochemical intermediate raw material plants, because the six light plan requires a large number of import and export raw materials, in order to improve the import and export efficiency and reduce import and export costs, in order to enhance the overall competitiveness of the six light plan, In the 82nd year of the Republic of China, the Company and Formosa Plastics Corporation jointly established Mailiao Industrial Zone Special Port Management Co., Ltd., which is responsible for the preparation for the construction of Mailiao Industrial Port and port transportation business.
Running a business
Oil refining business - advanced manufacturing process, flexible production and marketing scheduling
Despite the annual inspection of the refinery in the first half of the year, the average daily refining volume in 2013 increased by 5% to 457,000 barrels compared with the previous year's 436,000 barrels, which in turn drove the sales volume of oil products to increase by 5% to 16,255 thousand barrels. In order to maintain the Company's growth momentum, we continued to strengthen the export of our products to Southeast Asia, and due to the rapid economic growth in East Africa and the Middle East, which drove the growth of diesel demand, the Company has already seen the opportunity to continue to cooperate with traders and oil companies in various countries to explore potential emerging markets and expand the territory of the oil sales market, so in 2013, gasoline exports reached 2,945 thousand gongs and diesel 9,525 thousand gongbing, representing an increase of 2% and 7% respectively over the previous year.
In terms of domestic sales, although the domestic market is vulnerable to policy interference, we still do not give up cultivating the domestic market, and adopt the following different approaches to increase the domestic oil volume and increase the market share of gas stations:
•Implement the management of gas stations: Strengthen and thoroughly implement various internal inspections of gas stations to improve service quality, and according to the audit results of the 102-year "Sound Gas Station Operation Management and Pollution Prevention and Control Guidance and Audit Plan" of the Energy Bureau of the Ministry of Economic Affairs, the average number of missing gas stations per station of the Company has been greatly reduced, and the results have once again ranked first among all group (chain) gas stations in China, and are much better than the second place. As a result, the customer's trust in the company's gas station has been greatly enhanced.
•Enhance the brand image of Formosa Plastics Petroleum: make good use of diversified media and platforms and other advertising materials (e.g., provide free download of Line stickers; Cooperate with banks to launch bus advertisements and mobile promotion; Produce radio commercials and strongly broadcast messages about the quality of the oil) and penetrate into the minds of consumers from daily life to greatly enhance brand visibility.
•Strive for customers with excellent quality: The company's environmentally friendly diesel is of excellent quality, and since its launch, there has never been a blockage of the fuel injector oil circuit, resulting in the car stalling for no reason, affecting driving safety, etc., and the quality is stable compared to the same industry, and it is a good quality symbol of the passenger transport industry, so as to strive for the recognition and cooperation of large fleets, and use geographical relations to strive for local authorities to refuel, etc., to increase the amount of oil.
Petrochemical basic raw materials business - vertically integrated, with the largest production capacity in Asia
At the beginning of 2013, due to the mainland's replenishment of inventory, the purchase of gas heated up, but it was only a flash in the pan, with the economic data of various countries is still not performing well, the demand for petrochemical products shrank rapidly, coupled with the second quarter of the raw material prices fell high-grade, there was a loss of inventory decline, serious erosion of the gross profit of the light crack plant, the light crack plant in Asia has reduced the amount of operation, fortunately into the fourth quarter, the European and American economy is determined to recover, the demand is emerging, the price stops falling and rises, and the gross profit of the light crack plant rebounds from the bottom. In terms of production, although the second olefin plant was shut down for 45 days for the annual regular inspection, the overall plant was running smoothly compared with the previous year, so the annual ethylene output of 2,941 thousand tons increased by nearly 13% compared with the previous year.
Utility fluid business-steam and electricity symbiosis, stable operation of the plant
The total power generation capacity of the company's qualified steam and electricity cogeneration system is 2.82 million kilometres, and the primary task is to supply the plant in a stable and sufficient quantity, producing 23,358 thousand tons of steam and 15.8 billion kWh of electricity in 2013.
