Formosa Plastics Group (FPG) president Chia-chau Wu said China's rapid buildout of large-scale petrochemical plants has caused a lasting supply-demand imbalance that may take years to correct, with recovery expected by 2027. He added that electronic materials are now a key growth driver for the group and are projected to perform even better in 2026.
As the world accelerates toward net-zero carbon goals in 2025, the contest for control over future energy supply has reached a boiling point. At the center of this struggle lies the solar power industry, dominated by China's photovoltaic (PV) supply chain, which accounts for more than 80% of global production.
As Energy Taiwan and Net-Zero Taiwan 2025 open on October 29, Beijing has completed its second wave of export restrictions on lithium batteries and rare-earth materials. This move has jolted global clean-energy supply chains and forced industries worldwide to prepare for another round of structural reshuffling.
