Taiwan is known the world over for its technologically advanced electronics industry, but the island’s $146 billion chemical sector is also worthy of attention. Boasting one of the region’s oldest chemical complexes, Taiwan is host to a behemoth petrochemical sector ranking 11th in the world in ethylene production capacity. Over recent years, however, Taiwan’s chemical industry has found itself constrained by rising regional petrochemical producers and overshadowed by other innovation-driven economies. Pressed by these market dynamics and propelled by government policies, the industry’s time to make its mark is now.