Putting Safety First for a Secure Future
CPC Corporation is a state-owned petroleum, natural gas, and gasoline company in Taiwan that has served the country for more than 70 years. Dominating 80% of the domestic market, the company oversees the import and export, exploration, development, refining, storage, transportation, and sales of oil and gas, as well as the production and support of petrochemical materials.
Beyond Taiwan, CPC operates joint ventures with international oil companies in six countries across eight locations, offering more than 5,000 product items to trading partners, transportation operators, industrial users, and livelihood users. Committed to the business philosophy of “Supreme Quality, Superb Service, and Selfless Contribution,” CPC consistently delivers high-quality, cost-effective energy products to partners and clients worldwide.
A Journey of Leadership and Excellence
Acting Chairman and President Shun-Chin Lee has played a crucial role in some of CPC’s greatest achievements over the past decade. His journey with the company began in 1980 as a Shift Engineer, where his disciplined, hardworking, logical, and entrepreneurial spirit set him apart. Rising through the ranks, he became Plant Director of the Kaohsiung Refinery in 2010, Chief Executive Officer of the Refining Business Division in 2015, Vice President of CPC in 2017, and ultimately, President in 2018.
Since taking on the role of President, Lee has continued the legacy of excellence established by his predecessors. Under his leadership, CPC has maintained its AAA Fitch Ratings for 15 consecutive years, reflecting the company’s financial strength and credibility. From 2017 to 2019, CPC ranked first in net profit among all Taiwanese state-owned enterprises, cementing its position as a leader in the industry. In addition to steering CPC to multiple awards and recognitions, Lee himself has received several prestigious leadership accolades.
Prioritizing Safety in a High-Risk Industry
Leading a company in a high-risk industry comes with its challenges, but Lee has remained steadfast in his commitment to workplace safety. With CPC’s oil refineries, depots, and gas stations located in urban areas and pipelines spread across Taiwan, he has worked tirelessly to ensure a safe working environment. His enforcement of CPC’s eight life guarantee clauses underscores his belief that “if there is no work safety, there will be no company.”
Under his leadership, CPC implemented process safety management (PSM) across its five major business divisions to improve equipment reliability, reduce unplanned shutdowns, and minimize industrial accidents in light oil cracking. Emergency response drill plans were developed, and accident response and disaster prevention capabilities were strengthened. As a result, CPC’s Occupational Disaster Index dropped to 0.33 in 2020, a significant reduction from the average of 2.63 recorded in the decade before Lee’s presidency.
A Vision for a Sustainable Future
Now serving as Acting Chairman, Lee faces the challenge of strengthening CPC’s energy transition efforts in line with Taiwan’s carbon reduction commitments. Guided by the four core business principles of safety, stability, innovation, and harmony, he is dedicated to leading the company in making meaningful contributions to Taiwan’s economy and environment. By continuously investing in R&D and innovation, he envisions a diversified transformation for the CPC brand.
Lee’s recognition as the first corporate leader of Taiwan’s public and private enterprises to win the ACES Award for Outstanding Leaders in Asia highlights his exceptional leadership. Under his guidance, CPC serves as a model for other Taiwanese companies aiming for international recognition, elevating both the nation’s presence and their own reputations.
Shanggari Balakrishnan, Chief Executive Officer of MORS Group, states that Lee’s high standards of discipline and work safety as Acting Chairman and President have helped to build trust and harmony among CPC’s clients and employees, paving the way for a stable future for the company.
