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 Corporation, headquartered in Taiwan (TW), reported significant carbon emissions totalling approximately 24,004,680,000 kg CO2e for Scope 1, 181,692,000 kg CO2e for Scope 2, and 57,911,749,000 kg CO2e for Scope 3. This brings their total emissions for the year to about 24,186,372,000 kg CO2e for Scope 1 and 2 combined. Comparatively, in 2022, the company recorded emissions of 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, resulting in a total of about 24,424,101,000 kg CO2e for Scope 1 and 2. Formosa Petrochemical has made strides in reducing greenhouse gas emissions, achieving a 19.7% reduction in both Scope 1 and Scope 2 emissions by 2020 compared to 2007 levels. This commitment reflects their ongoing efforts to address climate change and improve sustainability practices. The company has disclosed emissions data across all three scopes, demonstrating transparency in their environmental impact. However, there are currently no Science Based Targets Initiative (SBTi) targets reported, indicating potential areas for future commitment. Overall, Formosa Petrochemical's emissions data and reduction initiatives highlight their engagement in climate action, although further targets and strategies may enhance their sustainability profile.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,272,088,000 | 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 | 209,481,000 | 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 |
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.
