Taiwan’s CPC, TSMC ink carbon-neutral LNG deal

Taiwan’s CPC Corp said it has signed a memorandum of understanding with compatriot Taiwan Semiconductor Manufacturing (TSMC) to cooperate on carbon-neutral LNG.

In the future, state-owned CPC would provide carbon-neutral regasified LNG to TSMC, the world’s largest contract chipmaker, as the latter looks to further decarbonize its operations, according to a statement.

CPC’s chairman Shun-Chin Lee said that the firm would continue to import carbon-neutral LNG and demonstrate its ambition to face the energy transition.

He added that by providing carbon-neutral natural gas, CPC would help domestic manufacturers meet the decarbonization requirements set by Europe and the US.

Taiwan also has ambitions to achieve net-zero carbon emissions by 2050.

CPC has previoulsy received several carbon-neutral LNG shipments. These include cargoes from Shell, Eni, and BP.

The firm currently operates two LNG import facilities, namely Taichung and the Yung-An facility in Kaohsiung, but it also plans a third plant in Taoyuan.

- Advertisements -
spot_img

Most Popular

Qatargas kicks off work on four giant LNG trains

LNG producer Qatargas, a unit of QatarEnergy, said it has started construction on four giant LNG trains in the...

Greenpeace activists write a message on Croatian FSRU

Greenpeace activists wrote a message on Monday on the starboard side of the 140,000-cbm LNG Croatia FSRU located at...

Denmark’s Celsius charters LNG carrier quartet to Gunvor’s unit

Denmark’s Celsius Tankers, a unit of Celsius Shipping, has signed charter deals for its four LNG newbuilds with Clearlake...

More News Like This

BP delivers carbon offset LNG cargo to Taiwan’s CPC

A unit of energy giant BP said it has delivered its ‎first carbon offset LNG cargo to Taiwan's CPC...

Eni says to deliver carbon-neutral LNG cargo to Taiwan’s CPC

Italian energy giant Eni said it would deliver one carbon-neutral LNG cargo to Taiwan’s CPC Corp at the latter's...

Qatar Petroleum signs 15-year LNG supply deal with Taiwan’s CPC

Qatar Petroleum said it has entered into a 15-year deal to supply LNG to Taiwan's CPC. Under the sales and...

Taiwan’s CPC gets first LNG cargo as part of Cheniere deal

Taiwan's CPC Corp received on Sunday the first LNG cargo under a long-term contract it has with US exporter...