CPC Corporation, Taiwan | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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INSPIRATIONAL BRAND CATEGORY

CPC Corporation, Taiwan

Information about the Company
CPC Corporation, Taiwan’s (CPC) business activities cover virtually everything from importing petrochemical materials (upstream) to supplying consumer goods (downstream). Various production and sales models have been developed for the different types of oil products offered, and staffing offices are in place to oversee operations and governance.

CPC has a strong presence throughout Taiwan with numerous operating and sales facilities. It also explores oil supply around the world in an attempt to create a vertically integrated supply chain that meets the nation’s demand for various types of oil products, thereby supporting every aspect of the nation’s growth, from infrastructure to consumer lifestyle.

Brand Elements
Facing major challenges such as climate change and energy transition, CPC Corporation, Taiwan (CPC) adheres to the core value of sustainable development. Through responsible energy supply and deep-rooted societal engagement, CPC remains committed to providing the people of Taiwan with a green, safe, and healthy social environment.

CPC firmly believes that only through balanced development across the economic, social, and environmental spheres can long-term sustainable growth be achieved. In the future, CPC will continue to prioritize national development, accelerate transformation and upgrades, optimize corporate structure, and further promote innovative technologies and the development of new energy sources to realize the goal of green, low-carbon development.

Inspiring Identity
Based on ESG principles, CPC promotes the strategy of “Oil Excellence, Carbon Reduction, and Clean Energy” to realize sustainable development. In terms of oil excellence, they will improve refining structures, add value to chemicals, capture and reuse carbon, and develop space-grade carbon fiber composites.

In terms of carbon reduction, 62 measures will be implemented in 2023 to reduce carbon emissions by 262,000 metric tons and save 74,000 metric tons of oil equivalent, with the goal of reducing carbon emissions by 40.6% and 49.5% by 2025 and 2030, respectively. In terms of clean energy, CPC will develop geothermal and hydrogen energy, and build hydrogen refueling demonstration stations and hydrogen energy transmission and storage facilities. The company is committed to improving energy efficiency, enhancing energy management and promoting renewable energy in order to achieve net zero carbon emissions.

Achievements & Impact
Adopting an ESG-centric approach, CPC is transitioning from its traditional energy focus to a more sustainable model, aiming to produce high-value fuel materials. It is committed to carbon reduction in processes, combating climate change, and promoting "High-value Petrochemicals, Low-Carbon Emission and Lean-Renewable Energy" zero-emission transformation strategy, with considerable achievements.

Firstly, in terms of high-value petrochemicals, CPC actively focuses on upgrading refining structures, adding value to chemicals, and carbon capture and reuse, leveraging its advantages in carbon fiber composite materials to autonomously design space-grade composite cylinders.

In terms of Low-Carbon Emission, CPC has set mid-term targets of reducing emissions by 40.6% and 49.5% by 2025 and 2030 respectively. In 2023, CPC implemented 62 energy-saving and carbon-reduction measures, achieving a total carbon reduction effect of 262,000 metric tons and saving about 74,000 kiloliters of oil equivalent. Lastly, in terms of Lean-Renewable Energy, CPC continues its geothermal development layout in Ruisui, Hualien, conducting geological surveys, exploration, and drilling.

CPC will also complete the geothermal power plants in Toucheng, Yilan County, and Renze. CPC responds to the government's assignment of hydrogen supply tasks, planning to first establish hydrogen refueling demonstration stations in the short term, while establishing the direction of domestic hydrogen energy market development.

Future Direction
CPC's carbon reduction efforts and actions to "mitigate" and "adapt" to climate change risks are now implemented as operational costs for the company. The company aims to continue using innovation and research and development as driving forces, strengthening energy efficiency improvements, renewable energy installations, and carbon-negative technologies.

They are also committed to the development of smart green energy (such as the development and application of key energy storage materials, fuel cell systems, smart energy management systems, establishment of mobile hydrogen refueling stations, geothermal development and power generation) and the circular economy (such as biochar materials, bioplastics, and utilization of cold energy), to innovate further.

While pursuing commercial interests, CPC also strives to consider aspects of social justice, vulnerable groups, safety and health, community development, and environmental protection, in order to achieve the corporate vision of "dedication to becoming a diversified, innovative, and sustainable international energy company."

INSPIRATIONAL BRAND CATEGORY

CPC Corporation, Taiwan

Information about the Company
CPC Corporation, Taiwan’s (CPC) business activities cover virtually everything from importing petrochemical materials (upstream) to supplying consumer goods (downstream). Various production and sales models have been developed for the different types of oil products offered, and staffing offices are in place to oversee operations and governance.

CPC has a strong presence throughout Taiwan with numerous operating and sales facilities. It also explores oil supply around the world in an attempt to create a vertically integrated supply chain that meets the nation’s demand for various types of oil products, thereby supporting every aspect of the nation’s growth, from infrastructure to consumer lifestyle.

Brand Elements
Facing major challenges such as climate change and energy transition, CPC Corporation, Taiwan (CPC) adheres to the core value of sustainable development. Through responsible energy supply and deep-rooted societal engagement, CPC remains committed to providing the people of Taiwan with a green, safe, and healthy social environment.

CPC firmly believes that only through balanced development across the economic, social, and environmental spheres can long-term sustainable growth be achieved. In the future, CPC will continue to prioritize national development, accelerate transformation and upgrades, optimize corporate structure, and further promote innovative technologies and the development of new energy sources to realize the goal of green, low-carbon development.
Inspiring Identity
Based on ESG principles, CPC promotes the strategy of “Oil Excellence, Carbon Reduction, and Clean Energy” to realize sustainable development. In terms of oil excellence, they will improve refining structures, add value to chemicals, capture and reuse carbon, and develop space-grade carbon fiber composites.

In terms of carbon reduction, 62 measures will be implemented in 2023 to reduce carbon emissions by 262,000 metric tons and save 74,000 metric tons of oil equivalent, with the goal of reducing carbon emissions by 40.6% and 49.5% by 2025 and 2030, respectively. In terms of clean energy, CPC will develop geothermal and hydrogen energy, and build hydrogen refueling demonstration stations and hydrogen energy transmission and storage facilities. The company is committed to improving energy efficiency, enhancing energy management and promoting renewable energy in order to achieve net zero carbon emissions.

Achievements & Impact
Adopting an ESG-centric approach, CPC is transitioning from its traditional energy focus to a more sustainable model, aiming to produce high-value fuel materials. It is committed to carbon reduction in processes, combating climate change, and promoting "High-value Petrochemicals, Low-Carbon Emission and Lean-Renewable Energy" zero-emission transformation strategy, with considerable achievements.

Firstly, in terms of high-value petrochemicals, CPC actively focuses on upgrading refining structures, adding value to chemicals, and carbon capture and reuse, leveraging its advantages in carbon fiber composite materials to autonomously design space-grade composite cylinders.

In terms of Low-Carbon Emission, CPC has set mid-term targets of reducing emissions by 40.6% and 49.5% by 2025 and 2030 respectively. In 2023, CPC implemented 62 energy-saving and carbon-reduction measures, achieving a total carbon reduction effect of 262,000 metric tons and saving about 74,000 kiloliters of oil equivalent. Lastly, in terms of Lean-Renewable Energy, CPC continues its geothermal development layout in Ruisui, Hualien, conducting geological surveys, exploration, and drilling.

CPC will also complete the geothermal power plants in Toucheng, Yilan County, and Renze. CPC responds to the government's assignment of hydrogen supply tasks, planning to first establish hydrogen refueling demonstration stations in the short term, while establishing the direction of domestic hydrogen energy market development.

Future Direction
CPC's carbon reduction efforts and actions to "mitigate" and "adapt" to climate change risks are now implemented as operational costs for the company. The company aims to continue using innovation and research and development as driving forces, strengthening energy efficiency improvements, renewable energy installations, and carbon-negative technologies.

They are also committed to the development of smart green energy (such as the development and application of key energy storage materials, fuel cell systems, smart energy management systems, establishment of mobile hydrogen refueling stations, geothermal development and power generation) and the circular economy (such as biochar materials, bioplastics, and utilization of cold energy), to innovate further.

While pursuing commercial interests, CPC also strives to consider aspects of social justice, vulnerable groups, safety and health, community development, and environmental protection, in order to achieve the corporate vision of "dedication to becoming a diversified, innovative, and sustainable international energy company."