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Formosa Petrochemical Corporation, commonly referred to as FPCC, is a leading player in the crude petroleum industry, headquartered in Taiwan (TW). Established in 1992, the company has made significant strides in crude oil extraction services, excluding surveying, and has become a key contributor to the region's energy sector.
With major operations across Taiwan, Formosa Petrochemical focuses on refining crude oil and producing a range of petrochemical products. Its core offerings include gasoline, diesel, and various petrochemical derivatives, distinguished by their high quality and adherence to environmental standards.
Over the years, FPCC has achieved notable milestones, solidifying its market position as a reliable supplier in the Asia-Pacific region. The company's commitment to innovation and sustainability continues to drive its growth and reputation within the industry.
19
DitchCarbon score
+3 vs industry average
Formosa Petrochemical’s score of 19 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Formosa Petrochemical's reported carbon emissions
Formosa Petrochemical (HQ: TW), a key player in the crude petroleum and related services industry, reported its Scope 1 emissions as approximately 23.2 billion kg CO2e and Scope 2 emissions as around 193.7 million kg CO2e in 2024. This follows 2023 figures of approximately 24 billion kg CO2e for Scope 1 and about 181.7 million kg CO2e for Scope 2. In 2022, the company disclosed Scope 1 emissions of approximately 24 billion kg CO2e, Scope 2 emissions of around 423.6 million kg CO2e, and Scope 3 emissions of roughly 64.4 billion kg CO2e.
Formosa Petrochemical has set a near-term absolute reduction target for Scope 1 and Scope 2 emissions. The company achieved a 19.7% reduction in its Scope 1 and Scope 2 greenhouse gas emissions in 2020 compared to its 2007 baseline.
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Formosa Petrochemical’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Formosa Petrochemical4 days ago
19
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