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Quanzhou Grand Pacific Chemical

In 2020, Quanzhou Grand Pacific Chemical Co., Ltd. was wholly fundedby Taiwan Grand Pacific Petrochemical Corporation atQuangang Petrochemical Industrial Park, Quangang District, Fujian Province. As the first large-scale Taiwan-funded enterprise in the park, the Company covers an area of 800 mu, with Phase I investments totaling RMB 6.33 billion. Newly marketed PDH and PPplants are introduced, anticipating a mass production in 2023.It is planned to recruit 200employees. After Phase I is put into use, it will produce 660,000 tons of propane dehydrogenation (PDH) and 450,000 tons of high-value polypropylene (PP).

Introduction of Taiwan Grand Pacific Petrochemical

Taiwan Grand Pacific Petrochemical Co., Ltd. was established in Kaohsiung, Taiwan in 1973 as the first in Taiwan to produce styrene monomer (SM). Later, it built anAcrylonitrile Butadiene Styrene (ABS) plant, pursuing vertical integration. In 2012, It established Taiwan's first nylon 66 factory to enhance product diversity. Taiwan Grand Pacific stock was listed on Taiwan Stock Exchange in 1988, and its revenue ranked 169th among the listed companies in 2019. Later in 1996, the Companyset up Zhenjiang Grand Pacific in Jiangsu Province for mass production of ABS, and established cooperation with Zhenjiang Qimei in 2008. In 2020, the Company made another large investment into China Mainland, andchoose Quanzhou Quangang Petrochemical Park as the second production base of petrochemical productsby introducing the latest generation of PDH and PP plants. Once put into use, the Project will be a model for the entire world.