Taiwan's petrochemical industry has gone through the "golden age"

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The petrochemical industry, referred to as petrochemical industry, is a basic industry. It provides support and services for agriculture, energy, transportation, machinery, electronics and other industrial and agricultural industries and daily life. It is an important part of the chemical industry and plays an important role in the development of the national economy. effect.

After decades of development, the petrochemical industry in Taiwan has gone through the "golden age." Taiwan Petrochemical Industry Association website information shows that the petrochemical industry in Taiwan sprouted in the 1950s and 1960s. In the early stage, it mainly processed imported raw materials. After decades of development, it started to take shape, further developed downstream processing, and started raw materials in the middle and upper reaches. Self-made; from the 1980s, the introduction of privatization, Taiwan's petrochemical industry began to move toward internationalization, advanced, diversified development, and gradually migrated outward. According to Dr. Fang Zhijian, a foreign investment section manager of the Quzhou Foreign Trade and Economic Cooperation Bureau and a researcher at the Huashang Research Center of Tsinghua University, the petrochemical industry is a dominant player in Taiwan's manufacturing industry, and its output value accounts for approximately 20% of the total output value of the manufacturing industry.

Zhou Huaixin, supervisor of the Taiwan Petrochemical Association, said in an interview with the media that the petrochemical industry in Taiwan is a highly developed and mature market. Since the downstream product processing, petrochemical intermediate raw materials and basic raw material production, and the upstream raw material refining, it has formed a complete interlocking and is fully furnished. Production system. However, labor shortages, high labor costs, and a small island market have hampered the development of the petrochemical industry in Taiwan.

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