Formosa Petrochemical
Formosa Petrochemical Corporation (FPCC), headquartered in Taiwan (TW), is a leading player in the petrochemical industry, renowned for its comprehensive range of products and services. Established in 1992, FPCC has made significant strides in the production of ethylene, propylene, and various downstream petrochemical products, positioning itself as a key supplier in the Asia-Pacific region. With major operational facilities in Mailiao, FPCC stands out for its commitment to innovation and sustainability, utilising advanced technologies to enhance production efficiency. The company’s core offerings include high-quality plastics, synthetic rubber, and other chemical products, which are integral to numerous industries, from automotive to consumer goods. FPCC's strategic market position is underscored by its robust supply chain and dedication to environmental stewardship, making it a trusted name in the global petrochemical landscape.
DitchCarbon Score
How does Formosa Petrochemical's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Formosa Petrochemical's score of 25 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formosa Petrochemical's reported carbon emissions
In 2023, Formosa Petrochemical reported total carbon emissions of approximately 24,004,680,000 kg CO2e from Scope 1, 181,692,000 kg CO2e from Scope 2, and 57,911,749,000 kg CO2e from Scope 3, resulting in a combined total of about 24,186,372,000 kg CO2e for Scope 1 and 2. This reflects a consistent trend in emissions reporting, with 2022 figures showing similar emissions: approximately 24,000,547,000 kg CO2e for Scope 1, 423,554,000 kg CO2e for Scope 2, and 60,285,232,000 kg CO2e for Scope 3. Formosa Petrochemical has achieved a significant reduction in greenhouse gas emissions, reporting a 19.7% decrease in Scope 1 and Scope 2 emissions from 2007 to 2020. This commitment to reducing emissions demonstrates the company's proactive approach to climate change, although no specific Science-Based Targets Initiative (SBTi) targets have been established. The emissions data is not cascaded from any parent organization, indicating that Formosa Petrochemical Corporation independently reports its emissions and climate commitments. The company continues to focus on transparency and accountability in its environmental impact, aligning with industry standards for climate reporting.
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| 2007 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,680,876,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 143,113,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Formosa Petrochemical is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
