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.
+3 vs industry average
Formosa Petrochemical’s score of 18 is lower than 45% 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
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Formosa Petrochemical's reported carbon emissions
Formosa Petrochemical, based in Taiwan and operating in the crude petroleum and related services industry, reported Scope 1 and 2 emissions totalling approximately 23.4 billion kg CO2e in 2024. For the preceding year, 2023, these emissions amounted to approximately 24.2 billion kg CO2e.
In 2022, the company's reported emissions included Scope 1 at approximately 24 billion kg CO2e, Scope 2 at about 423.6 million kg CO2e, and Scope 3 at approximately 64.4 billion kg CO2e.
Earlier data indicates Scope 1 and 2 emissions of approximately 26.6 billion kg CO2e in 2021 and around 25.6 billion kg CO2e in 2020. Prior to this, Scope 1 and 2 emissions were reported as approximately 27.4 billion kg CO2e in 2019, and 28.2 billion kg CO2e in 2018.
Formosa Petrochemical has a stated reduction target, indicating that GHG emissions were reduced by 19.7% in 2020 compared to 2007, covering both Scope 1 and Scope 2 emissions.
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Formosa Petrochemical’s Climate Goals (2030 & 2050)
2 goals2020
19.7% reduction in Scope 1
GHG emissions in 2020 was reduced by 19.7% compared to 2007
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Formosa Petrochemical
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