ESG NEWS

2025/07

Taiwan CTCI to Build Storage Tanks at Taiwan’s Sixth LNG Terminal for Formosa Petrochemical, Reaffirmation of Its EPC Capabilities

MAILIAO, July 31, 2025- Taiwan’s leading engineering, procurement, and construction (EPC) group CTCI today announced that it has won an NT$12.45bn EPC tender from Formosa Petrochemical Corporation (FPCC) to build two storage tanks at FPCC’s LNG receiving terminal, located in the Mailiao Formosa Industrial Complex in Yunlin County. The tender award marks yet another successful bid this year for CTCI, after the LNG Storage Tanks at Kaohsiung Intercontinental Terminal. 

Known as the sixth LNG terminal in Taiwan—and the only one privately owned—the above-ground, double-domed cryogenic tanks at FPCC LNG terminal, each with 160,000 kiloliter storage capacity, will store liquefied natural gas to be used for the new gas-fired power generation units of a power plant owned by Mai-Liao Power Company, a Formosa Plastics Group subsidiary. Japan’s Kawasaki Heavy Industries (KHI) is the partner of this EPC project, and the expected time of completion is mid-2029.

By building these tanks, CTCI helps bolster both Formosa Plastics Group and the nation’s energy transition plans which aim to switch from coal to gas as fuel for power generation. Electricity generated by Mai-Liao Power will be sold to Taipower, the national power provider. 

Taiwan has seven LNG terminals, two of them up and running, the rest in progress—a response to the surging demand for LNG imports as half of the nation’s electricity generation is expected to come from gas, which translates to 26 million tons of LNG in demand. Since 1984, CTCI has taken part in five LNG terminal projects, including the first (CPC Yongan), second (CPC Taichung), third (CPC Guantang), sixth (FPCC Mailiao as mentioned), and seventh (CPC Kaohsiung Intercontinental) terminal. To date, CTCI is the only company in Taiwan capable of LNG terminal EPC projects, with proven track record that extends beyond Taiwan to include China, India, and Thailand. Its service quality has earned recognition from clients globally.

Michael Yang, Chairman of CTCI Corporation, said, “We appreciate the trust placed in us by FPCC as they have once again decided CTCI is the go-to company for a project with major transitional significance, after our past partnership in the sixth naphtha cracker construction, a project of the century. With proven track record and project management expertise in LNG terminals across the world, CTCI will work closely with KHI, and we are confident that we can complete the storage tanks on time and up to quality expectations. The team will leverage green, intelligent technologies to enhance energy efficiency and reduce carbon emissions, thereby contributing to the nation’s clean energy effort and sustainable development.”

With a steadfast commitment to a net zero future, CTCI is helping the nation advance toward the goals of energy diversification and power stability, by developing solar power, biomass, and wind power businesses, as well as actively exploring forward-looking energy storage, new energy, and decarbonized electricity markets.