Riding the Trends to Drive Industrial Transformation

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Ming-Shyan Lee, CEO of Group Engineering Business and President of CTCI Corporation

As a global EPC group with number one ranking in Taiwan and among the world’s top 100, CTCI has established a strong market presence across more than 10 countries, with over 50 office locations. CTCI’s three major business groups—Group Engineering Business, Group Intelligent Solutions Business, and Group Resource Cycling Business—have worked together to leverage exceptional EPC capabilities and consistently achieve outstanding results. With sustainability and AI trends on the rise, CTCI has utilized its engineering expertise to help clients transform and upgrade, successfully converting vast market potential into impressive operational performance, allowing the Group to see breakthroughs and sales growth. I’d like to take this opportunity to share with you how CTCI seizes trends, creates competitive edge, and continues to achieve new heights in operational performance.

Capturing ESG Business Opportunities with Green Engineering

In alignment with the global pursuit for sustainability, CTCI has for many years been delivering ESG values through its core business, as it works with owners and the supply chain to create Green Engineering projects around the world that balance environmental protection and corporate profits. As CTCI continues to capture sustainability-related business opportunities across various fields, here are the recent highlights:

• LNG Terminals:  To date, CTCI has completed 16 LNG storage tanks and numerous gasification facility projects, with a total contract value exceeding NT$130.2 billion, which places CTCI as the leader in the domestic LNG terminal market. Apart from the ongoing Taoyuan Guanyin Third LNG Terminal project, the latest successful bid for CPC Kaohsiung Intercontinental Terminal LNG Storage Tank will enhance Taiwan’s energy supply through a comprehensive network of onshore and offshore gas pipelines.

• Gas-fired Power Plants: Having completed 19 gas-fired power plants domestically and internationally, with a total power generation capacity of 22,895MW and a total contract value of over NT$170 billion, CTCI holds top position in Taiwan’s power plant EPC market, enjoying 75% market share. Major projects include the ongoing Taichung and Hsingta combined cycle power plants, and the Kuo Kuang Phase II 1,200MW gas-fired combined cycle power plant, all of which are important indicators of the government’s plan to achieve energy transition by 2025.

• Green Energy: CTCI has an outstanding track record in offshore wind power and solar power. In the field of offshore wind power, the company has completed pin piles and transition pieces for wind foundations, with a total contract value exceeding NT$10 billion. In the field of solar power, CTCI has full ownership and operation rights of over one hundred solar power sites domestically and internationally. To date, it has invested and developed 164MW in installed capacity, and operates and maintains 485MW in installed capacity.

• Water Resources: CTCI has extensive experience in wastewater treatment, water reclamation, and seawater desalination, with a total contract value of NT$71.9 billion. Key recent projects include the Hsinchu Seawater Desalination Plant construction, operation, and maintenance project, as well as the Taoyuan North District Water Resources Recycling Center.

• Circular Economy: CTCI’s total contract value in waste treatment, waste gas, and kitchen waste treatment, among others, has reached NT$86.8 billion. Key recent projects include the Green Energy Sustainable Circulation Center BOT project in Chiayi City and the Southern Taiwan Science Park Resource Renewal Center expansion project. In the emerging field of carbon capture, utilization, and storage, CTCI has become the first company in Taiwan to be involved in upstream and downstream projects, after winning the surface facilities EPC contract for the first domestic carbon storage site, and has since secured several more projects.

As the ESG trend continues, it is foreseeable that related demands will grow rapidly. CTCI is actively pursuing major public project and forward-looking infrastructure opportunities in Taiwan, including combined cycle power plants, private power plants, seawater desalination, energy and resource centers, and mass rapid transit systems. In addition, CTCI intends to work with global oil companies in their high-value, blue hydrogen, and low-carbon transformation projects. Based on four decades of cross-domain skills and experience, CTCI’s Green Engineering expertise not only continues to bring in ESG-related business opportunities, but also helps contribute to the Earth’s sustainability.

Zeroing In On AI to Expand High-Tech Business

The massive development of technology and AI industries have brought unprecedented opportunities and challenges. In the realm of advanced technology facility, CTCI is a one-stop solutions provider who is capable of plant construction, cleanroom projects, as well as water- and waste solvent-related resource cycling services. With a global presence, CTCI is capable of  meeting clients’ plant construction needs across the world. The following are some of its recent achievements:

• Semiconductors and Electronic Components: CTCI has helped Taiwanese companies construct factories and fabrication plants overseas, including a chip fab construction project in Arizona, USA; a copper clad laminate factory for EMC in Penang, Malaysia; and a TFT-LCD panel plant in Guangzhou, China. Thanks to these projects, CTCI now has plenty of experience in both upstream and downstream segments of the semiconductor and electronic component industries.

• Data Centers: There has been a surge in demand for data center construction due to the growth of cloud computing and digital services. Among the major projects that CTCI has taken part include a data center construction project for an American client and another data center in Taiwan, owned by a foreign company.

• Batteries: The development of renewable energy and electric vehicles has brought an increase in demand for batteries, which in turn has created huge demand for plant construction in Taiwan and overseas. Notable construction projects that CTCI took part recently include a lithium battery plant for Molie Quantum Energy and a lithium battery plant in the Kaohsiung Ho Fa Industrial Park.

As global supply chain faces reshuffle, electronic manufacturing and assembly plants will continue to relocate. Chip manufacturing, packaging and testing plants are going to be built outside Taiwan. The rapid development of AI, meanwhile, will bring construction opportunities for new AI computing centers and data centers. CTCI will pay close attention to these developments and take advantage of such opportunities.

Leading the Engineering Industry to Meet Future Challenges

As CTCI Group expands in scale and business, it will not only actively respond to sustainability and AI trends, but will also leverage its engineering expertise to help industries transform. Based on a strategy of “global presence, local commitment,” CTCI seeks to synergize by combining the resources of all its affiliated companies in China, India, Southeast Asia, and the US. With a commitment in enhancing corporate governance, risk management, talent development, and talent retention, the Group looks forward to improving its organizational strength, so that it could lead the engineering industry and make greater contributions to global engineering and economic development!