More petrochemical co-op urged between mainland, Taiwan

Updated: 2010-11-30 09:33

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

TAIPEI - Experts and industry insiders have called for more cooperation in the petrochemical industry between the Chinese mainland and Taiwan.

Both sides of the Taiwan Straits can develop all-round cooperation in the petrochemical industry, including by expanding joint exploration efforts for oil and gas, Sheng Huaren, honorary president of the China Petroleum and Chemical Industry Federation (CPCIF), said at a biennial cross-Straits meeting on the petrochemical industry in Taipei Monday.

Hundreds of representatives from the petrochemical sectors of both sides of the Straits attended the meeting.

The two sides should enhance cooperation in petrochemical-products trade to optimize production, marketing and logistics networks, Sheng said.

More petrochemical co-op urged between mainland, TaiwanLaboring for US citizenship
Related readings:
More petrochemical co-op urged between mainland, Taiwan Taiwan set for big slice of medical travel pie
More petrochemical co-op urged between mainland, Taiwan Industry parks in Hebei lure Taiwan companies
More petrochemical co-op urged between mainland, Taiwan Mainland tourists to Taiwan expected to hit 1.2m in 2010
More petrochemical co-op urged between mainland, Taiwan Digital China surges on debut on Taiwan bourse
Moreover, both sides' petrochemical sectors should work together in technology development, energy saving, environmental protection and product upgrading, Sheng added.

Development of Taiwan's petrochemical industry has been impeded by a shortage in resources and land, said Chen Wu-hsiung, chairman of the Petrochemical Industry Association of Taiwan, adding that expanded cooperation by both sides of the Straits will boost the industry.

The mainland is Taiwan's largest petrochemical-product export market.

In 2009, Taiwan exported about nine million tons of petrochemical products to the mainland, about 40 percent of the island's total petrochemical exports.

Taiwan is the mainland's largest source of synthetic fibre, which is used to make textiles.

It is the mainland's second largest source of synthetic resin, which is used to make plastics.

Paper's Digest

China bags Asiad team tennis title after 24 yrs

Wimbledon semifinalist Li Na led host China to capture the team tennis title on Tuesday at the Asian Games, accomplishing her Asiad tour with three consecutive victories.

China rate rises no panacea to curb inflation: PBOC adviser

European Edition

Specials

Safeguarding environment a priority

China continues to face mounting pressure to curb environmental degradation, despite progress in reducing pollution over the last five years, the environmental protection minister warned.

Employment to remain a continuing challenge

China's top labor official said the country will face a tough employment situation in the next five years.

Russian possessed with TCM

Born into a family of doctors, Maxime became interested in Traditional Chinese Medicine (TCM) at the age of 12, after hearing about TCM theories such as health preservation and recuperation.

Mounting inflation pressure tests policy makers
Chinese vice president to visit four nations
Chinese, Russian presidents meet in Seoul on co-op