ESG NEWS

2026/08

Taiwan ECOVE Taps into the High-Tech Market with One-Stop Circular Economy Solutions; H1 EPS Hits NT$8.96 with Prospects of Steady Growth

On August 12, ECOVE Environment Corporation (ECOVE, TPEx:6803), a CTCI Group company, held an investor conference and disclosed its operational performance for the first half of 2026. Thanks to the demand for circular economy and sustainable development driven by net zero transition, climate change challenges, and production expansion in the high-tech industry, ECOVE reported H1 2026 consolidated revenue of NT$4.710 billion and an earnings per share (EPS) of NT$8.96, with prospects of steady operational growth.

J.J. Liao, Chairman of ECOVE, stated that ECOVE will continue to leverage CTCI Group's resource synergies and EPC capabilities to provide "one-stop services spanning investment, construction, and operation." By capitalizing on solid engineering and operational track records, the company is deepening its footprint across four core markets: high-tech waste and emerging waste recovery, water reclamation, energy-from-waste, and electromechanical facility construction and O&M. These business lines, which continue to see steady progress, will become the foundation of ECOVE’s mid-to-long-term growth.

In high-tech waste and emerging waste recovery, ECOVE’s involvement in the waste liquid thermal treatment center and waste sulfuric acid recovery projects at the Southern Taiwan Science Park Zero Waste Center has seen good progress. Meanwhile, the company continues to handle the operation of a waste solvent and waste liquid recovery system, as well as its product sales. ECOVE will seek to provide its clients a one-stop circular economy solutions that combines technical assessment, investment and construction, operations, and product sales. Together with the parent group, ECOVE intends to diversify its client base by exploring markets and channeling its proven expertise overseas.

In water reclamation, ECOVE remains the operator of STSP Water Reclamation Plant and multiple water treatment facilities across Taoyuan City, New Taipei City, and Kaohsiung City. Expansion of STSP Water Reclamation Plant and construction of Hsinchu Seawater Desalination Plant—which address the water demand of high-tech industries and the challenges of climate change—are in progress. Demand for new-built water reclamation plants and desalination plants in Taiwan, as well as demand for water resources/water reclamation by high-tech firms for their plant investment in Singapore and the US will present substantial business opportunities for ECOVE. Leveraging group synergies, ECOVE aims to compete and take part in the investment, construction, and O&M project to support its long-term operation.

In energy-from-waste (EfW), ECOVE has solid technical capability and track record. Currently, the company operates 11 EfW centers across Taiwan, capturing a 50% market share among private operators. ECOVE seeks to leverage the parent group’s EPC capability to compete for domestic plant construction, life-extension, and food waste biomass projects, as well as replicating its domestic success abroad to capture global green growth opportunities. Examples include the Keelung EfW Center ROT project, which is in commercial operation and will need equipment upgrades, as well as current operations at the Chiayi Green Energy Sustainable Circulation Center and future operations at the Melaka EfW project in Malaysia.

In electromechanical facility construction and O&M, ECOVE continues to win O&M contracts for high-tech factories, EfW centers, and transit hubs to extend asset lifespans. By gaining long-term O&M capability and establishing high technical barriers, ECOVE has secured a core economic moat. Additionally, its solar power investment portfolio has reached 148MW. ECOVE will continue to compete for facility maintenance and equipment upgrade projects, while carefully assessing solar and energy storage investment opportunities in the US and Australia.

ECOVE is widely recognized as a sustainable corporation. For two consecutive years, ECOVE has been selected as an S&P Global Sustainability Yearbook member. For 12 consecutive years, the company has been ranked among the top 5% in corporate governance evaluations for TPEx-listed companies. Looking ahead, ECOVE will steadily deliver sustainable, long-term value to shareholders amid the wave of circular economy and green infrastructure development.