MOEA Solicits Investors to Develop High-value-added Petrochemicals

Taipei, March 21, 2012 (CENS)--On March 25, Taiwan’s Ministry of Economic Affairs (MOEA) will invite interested firms to jointly develop high-value-added petrochemicals, especially those in thin films for panels, temperature-resistant resins for LED (light emitting diode) packaging, and specialized automotive rubber.

The MOEA will choose four to five firms in each of the three sectors to work with relevant suppliers to develop the niche products.

To publicize a blueprint for the development of high-value-added petrochemicals sometime in the first half, the MOEA has so far attracted interest from Chi Mei Industrial Co., Ltd., Taiwan Synthetic Rubber Corporation, and Lee Chang Yung Chemical Industry Corp.

The MOEA has formed a taskforce which has convened the first meeting led by Duh Tyzz-jiun, director general of the MOEA’s Industrial Development Bureau, which will subsidize participating firms’ R&D up to half of the overall development cost.