With the Kuomintang's retreat to Taiwan after the Chinese Civil War, CPC was transferred from the Council of Resources to the Ministry of Economic Affairs.

[3][4] In 2019 a Norwegian tanker named Front Altair carrying a cargo of naphtha for CPC Corporation was attacked in the Gulf of Oman.

The shipment was the first in a new program designed to render fuel imports carbon-neutral by buying carbon credits on the global market.

The initial purchase from Shell Eastern Trading was for credits certified by the UN's REDD+ program which supports forests in developing countries.

[8] In 2019 CPC announced the construction of a third LNG terminal, a facility in Taoyuan expected to be completed by 2023 with an initial capacity of 1 million tonnes per year (tpy).

[12] In 2018 CPC signed an agreement with American Cheniere Energy to purchase liquefied natural gas for 25 years.