Interesting. After the hoohaa with Lynas, we are now thinking of importing a project that was rejected in its home country due to environmental concerns. Seems to be a G to G project.
Dateline 2012-05-15:
A controversial investment project for naphtha cracking that was scrapped in Taiwan may now be set up in Malaysia.
Malaysian Prime Minister Najib Razak announced that a Taiwanese petrochemical company will invest US$ 120 billion in his country for naphtha cracking, oil refining and petrochemical production.
Following the announcement of the Malaysian Prime Minister, Taiwanese Minister of Economic Affairs Shih Yen-shiang said the firm referred to by Mr. Razak was Kuokuang Petrochemical Technology Company.
Kuokuang, in which Taiwan’s state-owned oil refiner CPC Corp. has a large stake, had earlier planned to invest in setting up a naphtha cracking and petrochemical complex in central Taiwan’s Changhua County.
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Wata - Malaysian Oil and Gas Engineer 