Table › Companies › Formosa Petrochemical Corp

Initials from the entity name. Click the row to open the full profile.Formosa Petrochemical CorpGenerating electricity and heat — mostly by burning coal, gas, or oil. TaiwanOfficial site ↗
6.8 million
cars driven for a year
31.1 Mt CO₂e
Approximate — depends on local grid.Approximate — depends on local grid.Approximate — varies by species, climate and age of tree.
falling -2%/yr

🔥 Formosa Petrochemical Corp ranks #49 because its tracked power plants burn fossil fuels at scale.

How much of this entity's emissions could be tied to a named owner.How sure we are about the numbers — based on data coverage, recency and source agreement.Number of power plants or sites attributed to this entity in the Climate TRACE dataset.
⚔ CompareSee the proof
Climate Damage Score: 0–100. Bigger means more greenhouse gas this year. Built only from measured emissions and trend.
#49 of 1649

Formosa Petrochemical Corp, based in Taiwan, generates electricity and heat, largely by burning fossil fuels. Climate TRACE attributes 4 high-emitting assets to it. Its largest tracked activities are electricity generation and oil refining.

Burns coal, gas or oilFossil fuels are combusted in power stations to generate electricity.
Releases CO₂That combustion sends carbon dioxide straight into the atmosphere.
Traps heatExtra CO₂ thickens the greenhouse blanket, warming the planet.
See the proof

Power plants & sites behind it4 attributed assets · ownership split equally across listed owners

AssetSectorOwnershipAttributedConf.
Mailiao power stationPower100%21.5 Mtmedium
Formosa Mailiao RefineryFossil Fuels100%5.5 Mtlow
Haifeng power stationPower100%2.4 Mtvery low
Mailiao Formosa Petrochemical power stationPower100%1.8 Mtvery low
Where this comes from
Climate TRACE — asset-level emissions & ownership · CC BY 4.0
Power · reference year 2024
Who profits

Hand-curated shareholder, revenue and investor context from primary public sources. This data is shown alongside — but is not used to compute — the Climate Damage Score.

About this data. Institutional investors like BlackRock, Vanguard and State Street typically hold shares on behalf of clients — appearing in shareholder records does not mean they control or direct the company. State entities and individuals with majority stakes are different and labelled accordingly.

Visit Formosa Petrochemical Corporation
publicListed: 6505.TWParent: Formosa Plastics GroupHQ Taiwan

Revenue

$22BUSD · FY2023

Source: Wikipedia — Formosa Petrochemical Corporation

Emissions intensity

1.41MtCO₂e / $1bn revenue

Below the curated-sample median (2.02 Mt/$bn) — fewer emissions per dollar of revenue than the typical large emitter we have data for.

Top shareholders & investors

  • Formosa Plastics Corporation26.5%corporate
  • Nan Ya Plastics Corporation24.7%corporate
  • Formosa Chemicals & Fibre Corporation23.1%corporate

Source: primary public filings via Wikipedia. Stakes can change; see filings for the latest.

Operator of Taiwan's largest private oil refinery (Mailiao). Controlled by the three other listed Formosa Plastics Group flagships.

How it's allowed

Signals below are derived from emissions data and ownership coverage only — not from any legal or regulatory finding.

Permitted Emissions
These emissions appear to occur under existing permits and regulations. Operating legally is not the same as operating cleanly.
Fossil-Fuel Power Generation
Attributed emissions include fossil-fuel power generation, which is among the most carbon-intensive ways to produce electricity.
Methane Exposure
Oil and gas operations can release methane, a greenhouse gas far more potent than CO₂ over the short term. Leakage is often under-measured.
Improving Trajectory
Attributed emissions are falling (~2%/yr) — an improving trajectory, though absolute output remains large.
No Verified Enforcement or Lobbying Record
This dataset contains no verified enforcement actions, lobbying records, subsidies, or litigation for this entity. Absence of evidence here is not evidence of compliance or of any violation.

Climate Villains makes no claim that any entity has broken any law. These are data-derived signals, not allegations.

Trend
Improving▼ −2% falling
30.9 Mt33 Mt35 Mt20222024

Attributed emissions are falling by about +2% per year. Attributed emissions, 2022–2024.

It ranks #49 mainly because its attributed assets emitted about 31.1 Mt CO₂e in 2024 (≈ 6.8M cars/yr).

The Climate Damage Score is driven by that absolute size on a log scale, with a -0.2-point improving adjustment.

Score breakdown

Absolute emissions
88 pts
Trend modifier
▼ −2% falling-0.2 pts
Data confidence
How sure we are about the measurement. A low score doesn't lower the polluter's rank — it just shows the data is fuzzier.

See the full methodology for how the score is built, or data & coverage for how complete the underlying numbers are.

What we know · what we don't

What we know

  • Attributed emissions: 31.1 Mt CO₂e in 2024 (≈ 6.8M cars/yr).
  • Primary sector: Power; primary country: Taiwan.
  • Evidence: 4 assets; ~100% ownership-attribution coverage.
  • Source: Climate TRACE (CC BY 4.0).

What we don’t

  • Exact ownership percentages — Climate TRACE lists owners but not stakes, so shared assets are split equally.
  • Indirect (supply-chain / financed / product-use) emissions are not included.
  • No PR claims, lobbying records, litigation history or policy-compliance data are included.
How sure we are about the measurement. A low score doesn't lower the polluter's rank — it just shows the data is fuzzier.How much of this entity's emissions could be tied to a named owner. Higher means a more complete picture.