Keeping Eyes on Industry Opportunities to Venture into Global Markets

As a globalized engineering, procurement, and construction group, for years CTCI has saw steady growth thanks to the collective effort of its three business groups, namely Group Engineering Business, Group Intelligent Solutions Business, and Group Resource Cycling Business. Owing to good reputation and brand image, CTCI has become one of the most reliable partners in the eyes of its global customers. In this article, I would like to share with you how the Group Engineering Business (CTCI for short) is using its robust engineering expertise to not just strengthen its market strongholds, but also spot and quickly grab the enormous yet decisive business opportunity brought by the low-carbon transition, circular economy, and the shift in high-tech supply chain, examples being energy storage, carbon capture utilization and storage (CCUS), and clean energy. You will see that many affiliates under the CTCI umbrella, including CTCI Corp., CTCI MAC, CTCI CHC, and subsidiaries overseas, join forces to extend CTCI Group’s market presence around the world, helping the group achieve sustainable operations.

Enhance Current Advantageous Position and Seize New Opportunities

Today, businesses across industries have a quenchless thirst for carbon emissions reduction and net zero, as a result of the global wave of sustainability. This brings new opportunities for plant and factory construction. CTCI is aggressively developing and applying energy-saving and carbon-cutting technologies to the engineering projects, making sure that its Green Engineering helps industries transition. At the same time, CTCI is seizing business opportunities that arise in the following sectors to establish its track record.

• Hydrocarbon and petrochemical

Determined to seize the precious opportunity offered by net zero, CTCI seeks to become a net zero solutions provider to clients by drawing upon its four-decade engineering expertise and experience, so that both CTCI and its clients may reap economical benefits without harming the environment. For example, CTCI will help the SABIC Fujian Petrochemical HDPE Bi-Modal complex— a contract that it recently secured— become a world-class green and sustainable petrochemical complex. CTCI also took its first step venturing into carbon capture and storage (CCS)— an emerging field attracting the attention and investment across the world— by becoming an EPC contractor for a CCS surface facility in Taiwan. In this project, carbon dioxide will be injected to a depleted oilfield, and CTCI will work with firms that specialize in CCS as well as research institutions to jointly develop related technologies and applications in order to move a step closer to the 2050 Net Zero target.

• Power

Nowadays, one of the key approaches adopted by nations to reduce carbon emissions derived from electricity is to switch from coal to gas as fuel for power generation. As the sole EPC company capable of building liquefied natural gas (LNG) terminals in Taiwan, CTCI has excellent track record both domestically and overseas. It was awarded the Public Construction Golden Quality Award for the Taoyuan Guantang LNG terminal storage tank project; Project Management Institute awards for the PTTLNG receiving terminal project in Thailand. Notably, in the latter project, CTCI set record by building the largest LNG storage tank in Thailand, and by constructing the world’s longest trestle. The terminal was also completed one month ahead of schedule, with gas sent out as expected.

CTCI also received Outstanding Green & Eco-Friendly Site Evaluation Awards from Taiwan Power Company for Kaohsiung Hsinta Combined Cycle Power Plant Project and Taichung Coal Handling System Improvement Project.

• Energy-from-waste and water resources

As a leading energy-from-waste (EfW) services provider, CTCI recently secured Chiayi Green Energy Sustainable Circulation Center BOT Project. To CTCI, this project, which involves tearing down the old EfW plant and replacing it with a new one, is a business model with high potential because not only does it help reduce carbon emissions, but also helps CTCI secure stable revenue stream in the long-term. It is worth mentioning that the administrative building, once completed, will be the first certified “net zero building” in Taiwan. 

In the field of water resources, CTCI is experienced in handling municipal sewage and industrial wastewater, bringing five water resource plants to fruition through one-stop service model that covers investment, construction, and operation. Among these five plants, the Southern Taiwan Science Park Water Reclamation Plant sets record by becoming the world’s first water reclamation plant that regenerates industrial wastewater and reuse it for the chip-making process. 

CTCI also has plenty of track record in terms of sewerage construction in Taiwan. The first phase of Chungli Water Resource Recycling Center, which is part of the Chungli Sewerage Treatment BOT Project, has recently been completed and begun operation. It will help modernize the city and improve the water environment.

• Advanced technology

In recent years, there has been a geographical shift in the high-tech sector’s supply chain due to geopolitical factors. CTCI is aggressively expanding its high-tech facility business by helping Taiwanese customers build their factories overseas, as well as helping foreign customers build their factories in Taiwan and in the Southeast Asia. Customers place their trust in CTCI because CTCI not only has exceptional engineering technology, but also has good reputation by carrying out projects around the world. CTCI’s current high-tech facility projects include factory construction for a major Taiwanese DRAM company, data center construction for a foreign company in Taiwan, and other factory constructions for Taiwanese companies in India, Vietnam, and Malaysia. It is a booming business bringing fast sales growth.

Unleashing Synergy from Teamwork to Meet Global Ambition

Aside from the growth in its engineering business, CTCI actively collaborates with its affiliates and subsidiaries around the world to unleash synergy, offering clients globalized services attuned to local needs.

• Taiwan

CTCI MAC, an affiliate of CTCI, is a company that has many years of experience in fabricating pressure vessels. In recent years, it has tapped into the offshore wind farm market by fabricating pin piles and transition pieces. With an accumulated 1,248MW in installed capacity, CTCI MAC has become a key player contributing to Taiwan’s offshore wind farm localization. In the future, CTCI MAC will not only stay in the wind farm market, but will also tap into new markets such as energy storage (lithium battery, Vanadium Redox battery), hydrogen, and green energy when time is ripe and when quality high-tech, green energy equipment is introduced. 

In the chemical field, CTCI’s affiliate CTCI CHC has seen stable sales growth. It will join CTCI Group to explore opportunities and diversify its services related to the advanced technology facilities by researching and developing chemicals for such sector. 

• China and Central Asia

The SABIC Fujian Petrochemical HDPE Bi-Modal complex project mentioned earlier, which is secured and will be implemented by CTCI’s affiliate CTCI Beijing, is an iconic project pertaining to China’s “One Belt, One Road” initiative and the “Saudi Vision 2030.” CTCI will continue to gain strength and maintain its reputation, so that it may become the partner of choice for foreign companies that wish to venture the Chinese and the Central Asian markets.

• Southeast Asia and India

As beneficiary of the supply chain shift, the Southeast Asian region and India offer great business potential for CTCI, which already has established local subsidiaries. For example, Indonesia is rich in key minerals related to energy storage equipment production, such as copper, nickel, and cobalt. CTCI will pay close attention to relevant business opportunities, aside from the ongoing Manyar Smelter project, which is a copper smelting plant.

In India, CTCI has formed strategic alliance with a well-known Taiwanese high-tech company and is the contractor for multiple projects. CTCI will adopt a strategy akin to fighting the next battles with resources gained on the former battleground, and seek to improve the Group’s overall competitiveness through local talent incubation.

• The Americas

Following the iconic fab construction project that CTCI has carried out in the US for a major Taiwanese chip-maker, CTCI has secured multiple front-end engineering design contracts related to sustainable energy, and will actively pursue EPC opportunity. Also, in view of the US and Mexico’s official policies, CTCI has zeroed in on businesses related to the booming semiconductor and sustainable energy cluster in the US, and the electric vehicle cluster in Mexico.

Creating New Business Glory by Boosting Overall Competitiveness

The world that we live in is constantly changing. While CTCI has secured many business opportunities, many risks and challenges lie ahead. CTCI will continue to expand its business and extend its market presence globally. It will also improve its organizational strength and overall competitiveness through better corporate governance, technological development and applications, talent incubation, passing down experience, as well as risk prevention, control, and management, so that as “the most reliable global engineering services provider,” CTCI may create new business glory!