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  • 2020/12
    Taiwan: Top ESG-Performer CTCI Secures $20 Million Sustainability Linked Loan from HSBC
    CTCI, a leading engineering, procurement, and construction (EPC) contractor in Taiwan, has announced on December 29, 2020 that it has reached US$20 million sustainability linked loan agreement with HSBC Bank (Taiwan), in determination to further align its global business operations with sustainability goals.

    CTCI and HSBC jointly worked out the “green key performance indicators (KPI)” in the agreement, including targets to reduce carbon emissions at construction sites around the world and meet certain evaluation criteria adopted by CDP, a charity that runs global disclosure system for investors and companies to manage their environmental impacts. In turn, HSBC will provide the loan with preferential interest rates.

    Key assessment of loan eligibility included general performance in environmental, social, and governance (ESG) aspects. CTCI’s extensive and notable records in sustainability proved decisive in helping the company secure the loan. For six consecutive years, CTCI has been incorporated into Dow Jones Sustainability Emerging Markets Index, and is ranked No.2 in the global engineering category. The company also scored A- in CDP’s climate change program.

    Other notable sustainability-related recognitions include: 18 Taiwan Corporate Sustainability Awards, including Top 10 Domestic Companies Sustainability Model Award; Excellence in Corporate Social Responsibility Award from Taiwan’s CommonWealth Magazine; and top 5% in corporate governance evaluation by Taiwan Stock Exchange and Taipei Exchange. CTCI was also selected by Interbrand as one of the Best Taiwan Global Brands 2020.

    CTCI identifies its business risks and opportunities based on the recommendations of Task Force on Climate-Related Financial Disclosures. Being well aware of the deep connection between the EPC sector and climate change, CTCI has shifted its business strategies accordingly. Green energy and low-carbon business has now become an important revenue driver for CTCI, accounting for 86% of new contracts as of September 2020, or around US$38 billion (NT$109 billion). Green and low-carbon backlogs, on the other hand, has increased from 23% in 2015 to 64% as of September 2020.

    Through “Total Participation CSR Excellence Practice” program, CTCI fully engages its employees to find global sustainability solutions based on the company’s four core competencies: green engineering, smart plants, resource cycling, and intelligent EPC. CTCI will remain committed to a vision of becoming a guardian of the Earth, providing quality and environmental-friendly engineering services.

  • 2020/12
    Taiwan: ECOVE SEC, a CTCI Company, Launches Taoyuan Metro’s Qingpu Depot Photovoltaic Plant, the Largest Solar Power Plant for Public Housing in Taoyuan City

    CTCI Group is pleased to announce on December 14, 2020 that a photovoltaic (PV) plant at Taoyuan Metro Corporation (Taoyuan Metro)’s Qingpu Depot, invested and constructed by ECOVE Solar Energy Corporation (ECOVE SEC) has begun commercial operations. ECOVE SEC is a company under CTCI’s Resource Cycling Business.

    A senior management of ECOVE SEC said: “The PV plants at Taoyuan Metro’s Luzhu Depot and Qingpu Depot, which we invested and built, have been completed and put into operation. With a total installed capacity of 5.5MW, these plants will satisfy power demand of up to 1,600 households yearly. In addition to turning Taoyuan Metro into a metro system with the largest contribution to green power in the country, we have also built the largest PV plant for public housing with the largest capacity in Taoyuan City and successfully assisted Taoyuan City Government in building a low-carbon green city.”

    An opening ceremony was held on December 14, 2020 and was attended by Taoyuan City Department of Economic Development Director-General Eason Kuo, Taoyuan City Green Energy Promotion Office Director Mao-Shan Lin, Taoyuan Metro Chairman Kun-Yi Liu and President Her-Chang Pu, and ECOVE SEC President Joy Chao.

    Taoyuan City Government has been actively promoting the Green Energy Roofs Project in recent years. In response to the city government’s policy, Taoyuan Metro has installed PV panels on the rooftop of two of its depots—Luzhu Depot and Qingpu Depot, and ECOVE SEC has been commissioned with the overall planning, investment, construction, and operation of these plants.

    In both projects, approximately 17,500 PV panels capable of generating approximately 5.82 GWh of electricity each year were installed, which will not only increase the amount of electricity for use and revenue from electricity sales, but will also help reduce indoor temperature and save energy effectively. Both plants can help cut up to 3,079 metric tons in carbon emissions per year, or equivalent to the carbon uptake of 11.7 Daan Parks, thereby effectively assisting Taoyuan City in achieving its energy-saving and carbon reduction targets.

    ECOVE SEC has a wealth of experience in investing, developing, constructing, and operating PV systems in Taiwan and the US. The company is committed to promoting renewable energy, aggressively adding values to idle spaces through the construction of PV facilities. In particular, ECOVE SEC has accumulated abundant experience and performance in PV installations for the rail sector, with total installed capacity taking the top spot in Taiwan.

    At present, ECOVE SEC has completed over 70 PV plants, with total installed capacity expected to exceed 100MW by the end of the year, which will then generate a cumulative total of 260 GWh of electricity and reduce up to 142 thousand metric tons in carbon emissions.

    Apart from the projects above, cooperation projects between ECOVE SEC and other companies, such as Kaohsiung Rapid Transit Corporation, Taiwan High Speed Rail Corporation, Taiwan International Ports Corporation, and Taiwan Tobacco & Liquor Corporation, are still on-going. ECOVE SEC pledges to support the government’s renewable energy plans with concrete actions, with a view to achieving sustainable energy development policy goals.

  • 2020/12
    Taiwan: ECOVE SEC, a CTCI Company, Launches 1.78 GWh Smart PV System at Tri-Service General Hospital, Satisfying Power Demands of 502 Households Annually
    CTCI Group is pleased to announce on December 17, 2020 that the photovoltaic (PV) system invested and constructed by ECOVE Solar Energy Corporation (ECOVE SEC) at Tri-Service General Hospital (TSGH) in Taipei has begun commercial operations. ECOVE SEC is a company under the CTCI Group’s Resource Cycling Business.

    In total, 4,704 PV panels were installed, amounting to an installed capacity of 1.6MW. The system is expected to generate approximately 1.78 GWh of power per year, which can supply power to up to 502 households annually, while reducing approximately 905 metric tons in carbon emissions, or equivalent to a carbon uptake of 2.3 Daan Parks.

    Major General Chien-Sung Tsai, Deputy Director-General of Ministry of National Defense’s Medical Affairs Bureau, Major General Tai-Lung Cha, National Defense Medical Center President, Major General Chih-Hung Wang, TSGH Superintendent, and ECOVE SEC President Joy Chao attended the opening ceremony named “Smart PV for Green Energy at TSGH” today.

    Due to the uniqueness and importance of the medical unit involved, ECOVE SEC utilized its exceptional technology and experience to effectively reduce the noise generated during construction. In addition, it has successfully avoided inconvenience to the general public who seek medical treatment, as well as ambulances that travel in and out of the hospital due to hoisting operations.

    Planning and design-wise, a green roof was built by employing the scaffolding method, which effectively reduces indoor temperature and saves energy while taking into account the available space below. In terms of smart applications, ECOVE SEC incorporated its very own Solar Energy Real-Time Monitor System (SRMS), which can effectively monitor the operating status and power generation of the system in real time via mobile devices, such as mobile phones and tablets.

    In the event of an anomaly, SRMS’s built-in alert notification mechanism will send a notification in real time to assist professional maintenance personnel in quickly identifying the problem at once and resuming power generation, so as to ensure stable operation of the system. Construction of the system in this project has fully reflected ECOVE SEC’s dedication to environmental protection, energy saving, and smart technology application.

    ECOVE SEC has a wealth of experience in investing, developing, constructing, and operating PV systems in Taiwan and the US. The company is committed to promoting renewable energy and is aggressively adding values to idle spaces through the construction of PV facilities.

    At present, ECOVE SEC has completed more than 70 PV plants, with a total installed capacity expected to exceed 100MW by the end of this year, which will then generate a cumulative total of 260 GWh of electricity and reduce up to 142 thousand metric tons in carbon emissions.

    Apart from the projects above, cooperation projects between ECOVE SEC and other companies, such as Kaohsiung Rapid Transit Corporation, Taiwan High Speed Rail Corporation, Taiwan International Ports Corporation, and Taiwan Tobacco & Liquor Corporation, are still on-going. ECOVE SEC pledges to support the government’s renewable energy plans with concrete actions, with a view to achieving sustainable energy development policy goals.



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Awards & Certifications

  • 2020/12
    CTCI Corporation Proud to Be Part of LPIC Project, Hydrocarbon Processing’s Top Project Awards Winner
    CTCI Corporation is pleased to announce that the Liwa Plastics Industries Complex (LPIC) petrochemical project in Sohar, Oman, in which CTCI Corporation plays a substantial role in engineering, procurement, and construction (EPC), has recently been selected by the prestigious Hydrocarbon Processing magazine as the winner of Top Project Awards 2020. This fantastic recognition demonstrates CTCI Corporation’s professional and reliable capabilities in delivering world-class EPC services.

    The US$6.5 billion LPIC project is one of Omani government’s major downstream projects to help diversify the nation’s products portfolio. The complex features 800,000-tpy steam cracker, high-density polyethylene (HDPE) and low-linear-density polyethylene (LLDPE) plants, a 300,000-tpy PP plant, MTBE and pygas units and additional processing units. The owner, Oman Oil Refineries and Petroleum Industries (ORPIC), began commissioning activities on the facility in May.

    CTCI Corporation and CB&I (which later merged into McDermott International) formed a joint-venture, or CCJV, in 2015 to carry out one of the four EPC projects on the complex, or LPIC EPC1-870 KTA Steam Cracker Project. Scope of work included steam cracking units for the main process, pygas unit, MTBE unit, API tank, sphere tank, bullet tank, desalination, wastewater treatment, spent caustic treatment, and incinerator. Lummus-licensed technologies was used for the ethylene cracking process.

    Highlights of CTCI Corporation’s achievements include all-time high record of 77 million man-hours without lost-time injury, efficient construction methods and project management, and innovative solutions, such as spent caustic treatment.

    The award result comes from the poll of thousands of the magazine’s readers over the course of two months. The winners and nominees of the Top Project Awards will have considerable impact on the hydrocarbon processing industry, according to the magazine.

    LPIC project and Visakh Refinery Modernization project in India are the winners of this year’s Top Project Awards in petrochemical and refining categories, respectively. Three other petrochemical projects and four refining projects were also nominated for the Award.

    For detailed report, please refer to the following link: https://www.hydrocarbonprocessing.com/magazine/2020/december-2020/ihydrocarbon-processingi-top-project-awards-2020/ihydrocarbon-processingi-top-project-awards-2020

  • 2020/12
    Taiwan: CTCI Group’s Sustainable Engineering Makes Global Impact: Group Vice Chairman Michael Yang Receives K. T. Lee Administration Award


    CTCI Group is pleased to announce that Michael Yang, CTCI Group Vice Chairman, has been given the K. T. Lee Administration Award on December 5 for his superb leadership, which saw CTCI Group wield global influence through sustainable engineering.

    CTCI Group Vice Chairman says: “The honor of this award goes to everyone who works at CTCI Group. Without their hard work, we could not have come so far. I will continue to lead our team, steer the way towards technological innovations, sharpen our skills, and help CTCI become ‘the most reliable global engineering services provider,’ so that the whole world can see what Taiwan is capable of in engineering.”

    Organized by Chinese Management Association, K. T. Lee Administration Award is a recognition given to those who have had excellent contributions and tangible performance in administrative education, promotion of administrative practices, or managerial roles. It is by far one of the most valued and credible awards in Taiwan.

    CTCI Group, the largest engineering contractor in Taiwan and top 100 in the world, is committed to providing quality and environment-friendly engineering worldwide. For the last four decades, it has garnered affirmations and recognitions from well-known clients in Taiwan and abroad for its “most reliable” engineering services. With around 40 operation bases in more than ten countries, its track records can be seen across Asia, the Middle East, and the Americas. Being the only Taiwanese company that can compete against companies from Europe, the US, Japan, and South Korea in global engineering markets, it is recognized not only for steady revenue growth but also for sustainable administration performance. CTCI Group pledges to keep on offering high-quality and reliable engineering services worldwide.

  • 2020/11
    Taiwan: CTCI Remains Engineering Leader with 18 Corporate Sustainability Awards, President Tsai Hands Outstanding Professional Award to Group Chairman Yu
    On Nov. 18, 2020, Taiwan Institute for Sustainable Energy has announced the results of 2020 Taiwan Corporate Sustainability Awards (TCSA) and Global Corporate Sustainability Awards (GCSA) selections. CTCI, the largest global engineering, procurement, and construction group in Taiwan, continues to be the top winner in the engineering industry category, bagging 18 awards.

    John T. Yu, CTCI Group Chairman, has been selected as GCSA Outstanding Professional for his superior leadership and performance. Tsai Ing-wen, President of the Republic of China (Taiwan), handed the award to Yu during awards ceremony on November 18.

    CTCI Group exceled in the awards selection thanks to the performance of three of its companies, CTCI Corporation, ECOVE Environment Corporation, and CTCI Advanced Systems Inc. (CTCI ASI). Notable awards received by the three companies include: Top 10 Domestic Companies Sustainability Model Awards (CTCI Corporation), Circular Economy Leadership Awards (ECOVE Environment Corporation), and Growth through Innovation Awards (CTCI ASI).

    CTCI Group has been frequently praised for its dedication to innovating corporate values and increasing its impact on global sustainability through engineering.

    Yu says: “CSR (corporate social responsibility) is not just about making donations to charities, but is also about transforming the CSR spirit into the company’s core competitiveness and striving to make it a part of CTCI’s corporate DNA.”

    For CSR ideals to be ingrained, CTCI has aligned its business operations with the United Nation’s Sustainability Development Goals (SDGs), set up “Sustainability and Brand Department,” and pursued company-wide sustainability actions through “Total Participation CSR Excellence Program.” In so doing, it is seeking engineering solutions to cope with sustainability challenges.

    After the awards ceremony, Ming-Cheng Hsiao, CTCI Group Shared Services CEO, delivered a keynote speech at the Global Corporate Sustainability Forum, addressing CTCI’s actions to fulfill its vision of “becoming a guardian of the Earth by employing innovative green engineering technologies.”

    This year, CTCI Corporation once again receives TCSA’s “Top 10 Domestic Companies Sustainability Model Award” thanks to its continued innovations in engineering services and green engineering applications, such as intelligent EPC (iEPC) technologies, which helped drive Taiwan’s competiveness in the global engineering market.

    ECOVE Environment Corporation is honored with TCSA’s “Circular Economy Leadership Award” for its commitments to the circular economy, providing services ranging from waste management, Energy-from-Waste (EfW), solar power, to resources recycling and reuse. It obtained the world’s first BS8001:2007 Circular Economy Certification, and has been actively supporting environmental education in Taiwan.

    CTCI ASI is the winner of “Growth through Innovation Award” for its smart Industry 4.0 solutions. The optimized energy management solutions for smart plants and transportation have assisted industries in technological upgrading, further consolidating CTCI ASI’s position as an intelligent solutions brand.

    To date, CTCI Group has received numerous recognitions for its CSR efforts, including being selected as component of Dow Jones Sustainability Emerging Markets Index and Taiwan Sustainability Index (TWSI); received good ratings from Carbon Disclosure Project (CDP) and Morgan Stanley Capital International’s (MSCI) ESG rating; and won Excellence in Corporate Social Responsibility Award, a prestigious award given by CommonWealth Magazine.

    Committed to realizing its brand spirit as the most reliable global engineering services provider, CTCI will continue to make positive impact in the economic, social, and environmental aspects, while joining hands with business partners to promote sustainable development.

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CTCI Spokesperson
Name: Ming-Cheng, Hsiao
Job Title: Executive Vice President
Ext: 02-2833-9999 # 10099
e-mail: mc.hsiao@ctci.com

CTCI Deputy Spokesperson
Name: Patrick Lin
Job Title: Chief Financial Officer
Ext: 02-2833-9999 # 16011
e-mail: patrick@ctci.com

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