FCFC Invests NT$4.7 Billion in Low-Carbon Energy Transition Under 'Invest Taiwan' Initiative

The Investment Taiwan Office announced the approval of five new corporate investment projects today. Among them, Formosa Chemicals & Fibre Corporation (FCFC) is participating in the 'Rooting in Taiwan' program by investing approximately NT$4.735 billion to construct intelligent natural gas combined-cycle power generation units at its Xingang plant in Chiayi.

This project aims to replace existing coal-fired power units with high-efficiency natural gas units, an initiative projected to reduce carbon emissions by 182,000 tonnes of CO2 equivalent annually. The project will also integrate AI-driven energy scheduling and equipment health monitoring systems to strengthen the company’s low-carbon supply chain.

The Ministry of Economic Affairs noted that these approvals include projects from Ming-Yu Precision Industry (under the 'Returning Taiwanese Businesses' scheme), FCFC, Ruei Xian Industrial, and Kao-Du Motors (under the 'Rooting in Taiwan' scheme), along with an undisclosed resource recycling company under the 'SME' scheme.

As of now, the 'Invest Taiwan' initiative has attracted 1,776 companies with a total investment of approximately NT$2.6975 trillion, expected to create 167,210 domestic job opportunities.