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

CTCI 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, 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.

CTCI Corporation announced that it has been awarded a certificate of appreciation by Taiwan’s Ministry of Labor (MOL) for its outstanding performance in occupational health, safety, and environment (HSE) activities promotion. On behalf of the company, Senior General Manager Hsin-I Ting attended the award ceremony held at the "2020 Occupational Safety and Health Promotion and Development Seminar" on November 23.

CTCI Corporation has been voluntarily participating in promotion of HSE management practices by serving a role in the North District Promotion Association, which is a branch of Taiwan Occupational Safety and Health Management System (TOSHMS) established by MOL’s Occupational Safety and Health Administration in 2010 to prevent the occurrence of occupational disease and ensure labors’ health and safety.

At the ceremony, Ting delivered a speech which shed light on CTCI Corporation’s pandemic prevention performance as a multinational business, focusing on how the company utilizes global project risk control strategies to minimize the impacts of COVID-19, ensure uninterrupted global operations and personnel’s safety and health, hence fulfilling its commitment of being the most reliable global engineering services provider.

CTCI Resources Engineering Inc. (CTCI REI), part of CTCI Group, announced that it has been granted national accolade by winning three Public Construction Golden Safety Awards this year for its projects in Taiwan, given by Taiwan’s Occupational Safety and Health Administration, Ministry of Labor.

The three awards include one Excellence Award for “geological investigation, surveying, and design work for Taiwan Provincial Highway No.7D 14K+415 Xincheng Bridge replacement project” and two Honorable Mention Awards for “planning, detail design, and supervision service for air force’s Shi Zishan Cavern” and “Donghu∮1,000mm water pipeline shield tunnel turnkey project.”

As a government recognition, the Public Construction Golden Safety Awards is Taiwan’s most rigorous award in the evaluation of engineering companies’ health, safety, and environment (HSE) performances.

Taiwan Provincial Highway No. 7D project is hailed for its safety features, including larger bridge spans, wider road, and bigger turning radius for flood control and traffic safety.

In Shi Zishan Cavern project, Building Information Modeling (BIM) is used to form hazard reduction strategies in a confined workspace. Engineering meticulously cared for the need for hazardous gas detection, as well as for noise protection during military jet take-offs and landings.

The highly sophisticated Donghu water pipeline tunnel project is praised for its excellent detailed design, risk assessment, and obstacle research, the success of which can be seen in optimized linear pipelines and the bypass of underground obstacles.

CTCI REI, a subsidiary of CTCI Group, is Taiwan’s leading engineering, procurement, and construction company in public infrastructure, civil, and transportation projects. The company upholds “safety first” and “total accountability” principles throughout every project, achieving proud HSE records. It will continue to commit to making HSE improvement and keeping safety cultures in order to deliver reliability to clients around the world.

On November 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.

CTCI Group is pleased to announce that it has been selected as one of the 25 “Best Taiwan Global Brands 2020” for its exceptional brand performance. This is the second prestigious award following the REBRAND 100® Global Awards it received in relation to brand-making, after the Group brand launch in 2016. Mei-Chen Hu, General Manager of Brand Management Department, CTCI, attended the ceremony and received award from Chief Secretary Pei-Li Chen, Industrial Development Bureau (IDB), Ministry of Economic Affairs (MOEA).

Under the commission of IDB, the “Best Taiwan Global Brands 2020” selection work was carried out by Interbrand, an authoritative global brand consultancy, which appraised on brands in Taiwan that have operations overseas. The selection work is based on the identical criteria the consultancy uses for its annual “Best Global Brands” appraisals, namely financial forecast, role of brand, and brand strength.

With an extensive global outreach, CTCI has brought reliable engineering and construction services to Asia, the Middle East, and the Americas, achieving outstanding financial performances. For many years it remains one of the top 100 international contractors selected by Engineering News-Record, a renowned international engineering magazine.

Despite the COVID-19 outbreak this year, CTCI successfully ensured business continuity around the world by working in tandem with owners, partners, and suppliers, living up to “the Most Reliable” spirit. Moreover, it has secured a couple of key deals, including one that breaks single contract amount record, making 2020 the most fruitful year in terms of total contract amount.

In addition to pursuing financial performance, CTCI has dedicated itself to sustainable engineering and construction, aiming to make a global impact. For this reason, it has implemented a Group-wide program called “Total Participation CSR Excellence Program.” CTCI has been consecutively selected as a component of Dow Jones Sustainability Emerging Markets Index, and has been a frequent recipient of TCSA’s Top 10 Domestic Companies Sustainability Model Awards, as well as CommonWealth Magazine’s Excellence in Corporate Social Responsibility Award.

CTCI will continue its path of being “the most reliable global engineering services provider” through steady financial performance, sustainable management, and brand-making.

Dow Jones Sustainability Indices (DJSI) has recently announced its scoring results. Once again, CTCI Corporation has been selected as a component of its Emerging Markets index, the sixth straight year for the company to be included on the list. CTCI Corporation ranks second place among its global peers in the Construction & Engineering (CON) industry category, scoring the highest marks in the Governance & Economic Dimension, the second-highest marks in the Social Dimension, while the Environmental Dimension performance has improved considerably by 17%.

To date, CTCI Corporation is the first and only engineering firm in Taiwan to be selected by DJSI. This signifies that global institutional investors have recognized CTCI Corporation’s trust-based management approach and its efforts to align business operations to environmental, social, and governance (ESG) considerations.

Whenever CTCI Corporation is seeking global business opportunities, it is aware of the correlation between the CON industry and climate change, as well as the industry’s impact on the latter. The company has sought to address the issue by identifying risks and opportunities via engagement in Task Force on Climate-related Financial Disclosures (TCFD). CTCI Corporation’s growth is now primarily driven by green and low-carbon projects. Up until September 2020, total new contract amount for green and low carbon projects has reached NT$109 billion, accounting for 86% of the total contract amount.

In 2020, the company demonstrates stellar business records, achieving year-on-year growth of 48.6% and 37.8% in new contract amount and backlog, or NT$ 127.2 billion and NT$ 280.1 billion, respectively.

CTCI Corporation owes its exceptional ESG performance to the parent Group’s four competencies: “Intelligent EPC (iEPC),” “smart plants,” “circular economy,” and “green engineering.” It brings nearly 7,000 colleagues in realizing ESG goals through “Total Participation CSR Excellence Program,” setting key performance indicators and strategies to effectively enroot a culture that respects corporate social responsibilities (CSR).

In addition to a CSR program called “CSR Moment” last year— a pioneering program among Taiwanese companies, where colleagues are required to talk about a CSR topic before every meeting starts— this year CTCI Corporation has rolled out new CSR programs, which are “CSR Micro-Film Contest” and “Little Engineers Summer Camp,” to further strengthen sustainability education.

CTCI Corporation continues to be the top-100 global engineering companies in both “Top 225 International Design Firms” and “Top 250 International Contractors” categories, according to the annual ranking conducted by the renowned Engineering News-Record magazine. In addition, the company has received several awards in Taiwan for its CSR contributions, including CommonWealth Magazine’s Excellence in Corporate Social Responsibility Award and Taiwan Corporate Sustainability Awards’ Top 10 Domestic Companies Sustainability Model Awards. Moreover, CTCI Group Chairman John T. Yu has received Global Corporate Sustainability Awards’ highest honor, Outstanding Professional, for superior leadership and business performance.

As the most reliable global engineering services provider, CTCI Corporation will continue to commit itself in bringing sustainable and positive impact to the company governance, society, and the environment.

According to the latest 2020 global engineering company rankings by Engineering News-Record (ENR) magazine, CTCI Corporation once again has been selected in three categories: International contractors, global contractors, and international design firms. For five years in a row now, CTCI Corporation remains top 100 in both “international contractors” and “international design firms” among over 200 companies selected in each category. This demonstrates CTCI Corporation’s continued success in global markets.

ENR, a prestigious international magazine, conducts surveys for engineering companies annually. Its rankings have strong credibility and are important indicators for international engineering industry. The rankings are split into two main categories, which are design firms and contractors, based on each company’s annual sales revenues from the previous year. Each ranking is furthermore split into two categories: companies in the "international" list are ranked on the basis of overseas revenues, whereas companies in the "global" list are ranked according to their total revenues of domestic and overseas projects.

In recent years, CTCI Corporation has made constant efforts to grow its businesses and enhanced its presence in global markets. This is the reason why it is able to continue to stand among the top 100 international engineering companies.

CTCI Corporation is pleased to announce that its Fengshan River Reclaimed Water Plant Build-Transfer-Operate (BTO) Project has won the 18th public-private-partnership “Golden Thumb Award,” the highest national honor for private participation in public infrastructure projects.

The “Golden Thumb Award” is organized by Taiwan’s Ministry of Finance, which aims to promote quality public construction and services by the private sector, bringing private enterprises’ technologies, funding, creativity, and efficiency to the advantage of infrastructure projects.

Located in Kaohsiung City, Fengshan River Reclaimed Water Plant is built and operated by a special purpose company named Blue Whale Corporation (BWC), which is established by CTCI Corporation and HDEC Corporation. Being the first reclaimed water demonstration plant in Taiwan, the project scope includes revamping existing effluent treatment plant, building a new reclaimed water plant, and building interconnecting water piping systems in Linhai Industrial Park.

The plant supplies 45,000 cubic meters of reclaimed water per day to the industrial park. It not only contributes to water resources cycling, but also makes Kaohsiung City the first city in Taiwan that enjoys stable supply of reclaimed water. It has also boosted the government’s confidence in increasing the use of reclaimed water and implementing other water reclamation projects.

One notable challenge of this project was to find a clever solution in laying the reclaimed water pipelines among other complex electricity, gas, tap water, sewerage, and telecommunications conduits under the roads. With concerted efforts, the BWC team managed to streamline the interfaces and successfully delivered the project on time and with good quality.

Moreover, the team utilized anaerobic-oxic (AO) system to upgrade effluent treatment plant capability and reduced the concentration of ammonia nitrogen and nitrate nitrogen, which ensured the effluent meets the standards. According to our major vendors user at Linhai Industrial Park, the quality of reclaimed water is even better than tap water.

In terms of energy reuse and management, the project reuses biogas and recycles waste heat from boiler to dry sludges, contributing to an increase of power efficiency by 10-15%. Meanwhile, indoor temperatures of plant are kept at an optimal condition by installing water curtains and exhaust fans.

For landscape planning, the plant brings in nearby Fengshan river bank and Bao-An Wetlands to form a natural green space. A Water Technology Education Center that features interactive games on water resource conservation was created inside the plant as a way to promote environmental education. Notably, the education center received silver-grade EEWH green building certificate.

With 20 years of experience in water resource treatment, CTCI has successfully expanded its scope of services from industrial and municipal wastewater treatment plants to the high-tech sector, such as process wastewater reclamation for the electronics industry. CTCI will stay committed to delivering the “Most Reliable” engineering services, protecting the environment, and contributing to Taiwan’s development with its know-hows in green engineering and resource cycling technologies.

In another proud achievement signifying CTCI Group’s reliable engineering services, CTCI Thailand has achieved more than 3 million man-hours without lost-time injuries (LTI) so far for the “EPC Main Work for Clean Fuel Project (CFP) Crude Oil Tank Project” near the capital Bangkok.

The clean fuel project, owned by Thai Oil Public Company Limited (Thaioil), is aimed at increasing crude oil refining capacity, producing clean fuel products, and supporting the region’s aviation industry.

CTCI Thailand is responsible for the civil, mechanical, piping, electrical, and instrumental works involving EPCC at Khao Bo Ya Crude Tank Farm and Thai Oil Refinery in Siracha, as well as the interconnecting piping to the CFP refinery, which are all located in Thailand’s Chonburi Province.

As of October 8, CTCI Thailand’s ongoing project has reached 3,342,718 million man-hours without LTI. The achievement was celebrated with trophies and a dinner party at Phairor Restaurant on the same night, attended by CTCI Thailand’s project team and Thaioil’s key figures in this project, including Project Advisor Khun Suthi, and Construction Manager Khun Chaiya.

According to CTCI Thailand, such remarkable achievement is the result of strictly following CTCI’s health, safety, and environment (HSE) policies and procedures, as well as applying behavior-based safety program and life-saving rules to CTCI employees and subcontractors alike, with regular monitoring.

CTCI Thailand will remain committed to delivering reliable services to the owner until the very end, when the project is expected to be completed in March 2021.

For the third time in a row, CTCI Group Chairman John T. Yu has been selected as 2020’s Taiwan Top 100 Best-Performing CEOs by Harvard Business Review (traditional Chinese version), a prominent business magazine, which held the award ceremony today. This marks Mr. Yu’s superior leadership and business performance.

The “Taiwan Top 100 Best-Performing CEOs” survey is conducted by the world-acclaimed Institut Européen d'Administration des Affaires (French for “European Institute of Business Administration,” commonly known as INSEAD) along with Eleven Strategy & Management consulting firm, based on impartial and objective data.

These best-performing managers are recognized for their outstanding long-term business performances and capability in generating solid profits for shareholders, given the fact that the two evaluation criteria are the company’s return on equity during a candidate’s term of office and changes in the company’s market capitalization.

CTCI Group Chairman John T. Yu stated in the interview that CTCI has been able to increase its competitiveness because of exceptional management, resulting in stable operational and financial performances. In turn, this will allow the company to march towards the goal of sustainable management. Notably, due to CTCI’s successful countermeasures, the company’s global operations remain uninterrupted despite the rampant COVID-19 pandemic. The recently secured big contracts have helped CTCI break its past records in terms of single contract value and reach its NT$100 billion contract goal for 2020 well in advance.

Under the sound leadership of Mr. Yu, CTCI has exceled in financial performance and risk management, paving the way for its vision of sustainable operations.

CommonWealth Magazine, a prominent Taiwanese magazine publisher, has announced the results for its 2020 Excellence in Corporate Social Responsibility Award, in which three CTCI companies have made the list. CTCI Corporation has climbed up to 16th place in the large enterprise category, an improvement from previous year, while ECOVE and CTCI ASI ranked 3rd and 10th place, respectively, in the medium-sized enterprise category. The result is a recognition of CTCI’s endeavor to fulfill corporate social responsibility by utilizing its core competencies.

Excellence in Corporate Social Responsibility Award selects top 100 performing companies based on four criteria, namely “corporate governance,” “corporate commitment,” “social participation,” and “environmental protection.”

For five years in a row, CTCI has been selected as a component of Dow Jones Sustainability Emerging Markets Index, and is the first and only engineering firm in Taiwan so far selected. It also ranks among top 5% five times in the Corporate Governance Evaluation conducted by Taiwan Stock Exchange, and is a constant winner of Taiwan Corporate Sustainability Awards (TCSA).

To realize its vision of enrooting engineering education and making bigger engineering influence, CTCI recently founded “CTCI University,” an online education platform. On the other hand, CTCI Education Foundation has been making unceasing efforts in terms of “sustainable development,” “youth empowerment,” and “international perspective” to honor CTCI’s CSR commitment. Besides, CTCI continues to apply its core competence in green engineering technologies in order to provide customers with energy-saving solutions that are economically viable, thus enhancing the green competitiveness of the engineering industry.

ECOVE, an affiliate of CTCI under Group Resource Cycling Business (GRCB), has ranked among top 3 performers in the medium-sized enterprise category for five years in a row. Starting out as a waste management and incineration business operator, ECOVE has actively played a role in Taiwan’s environmental education as promoter of waste reduction, in line with Taiwanese government’s policy. ECOVE’s colleagues design diverse environmental education courses, which includes visits to Energy-from-Waste plants operated by ECOVE. In addition, it has launched a 3-year program called "Step by step: Factories for Sustainable Environmental Education," which takes the initiative to reach out to Taiwan's elementary schools and teach our future leaders about sustainable lifestyle, and thereby spreading its business influence.

CTCI ASI under CTCI’s Group Intelligent Solutions Business (GISB) once again ranks among top 10 in the medium-sized enterprise category for fulfilling CSR with its core competencies, “smart plants and smart transportation.” Its data management technology provides clients with optimized and safe energy management solutions for further industrial transformations. Meanwhile, it has actively engaged in talent cultivation through industry-academy cooperation and industry partnerships.

As a leader in Taiwan’s engineering industry, CTCI Group is committed to contributing to sustainable development by utilizing its four core competencies, namely “green engineering,” “smart plants,” “intelligent EPC,” and “circular economy,” combining the synergistic efforts of all group companies. It will continue to strive for a balance between business development, environmental protection, and social participation.

By holding “safety as the first priority” as core value of CTCI’s Health, Safety, Environment (HSE) policy, we have been dedicated to providing our staff with a safe and secure workplace. We are pleased to announce that CTCI headquarters is now certified with a record of 49.09 million man-hours without lost time injuries from January 2007 to December 2019. Thanks to our exceptional performance, we received a gold award from the Occupational Safety and Health Administration (OSHA), Ministry of Labor.

OSHA’s Award for Excellent Man-Hour Record without Lost Time Injuries aims to promote occupational HSE awareness for employers and employees alike and to encourage public institutions to implement self-management to achieve zero accident objective. The award was presented to CTCI by Industrial Safety and Health Association of the R.O.C. (Taiwan), authorized by OSHA.

CTCI will continue to enhance the functionality of the HSE management system as well as encourage organization-wide engagement to prevent occupational hazards. We will also enhance all staff’s safety and health awareness, firmly commit to the “safety first” policy, so that we can create a safer and healthier workplace to honor our brand value of being the most reliable global engineering services provider.

Seven CTCI Group Companies, including CTCI Corporation, ECOVE Environment Corporation, ECOVE Environment Services Corporation, CTCI Machinery Corporation, CTCI Resources Engineering Inc., CTCI Smart Engineering Corporation, and ECOVE Waste Management Corporation, are chosen as Top 650 Enterprises in Service Sector, as CommonWealth Magazine’s Top 2,000 Enterprises Survey results show this May. CTCI Corporation garners top 5% and remains No.1 in the contractor category. Many other Group companies also remain on other rankings lists.

Rankings are primarily based on revenue scale in 2019. In total, 2,100 companies with excellent performances are selected, and are further broken down into three categories, namely “Top 1,350 Enterprises in Manufacturing Sector,” “Top 650 Enterprises in Service Sector,” and “Top 100 Enterprises in Financial Services Sector.” The following is each Group company’s specific ranking among the top 650 enterprises in service sector:

In the 6th Corporate Governance Evaluation by Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx), three listed companies of CTCI Group (CTCI Corp., CTCI Advanced Systems, ECOVE) finished among the top 5% of the TWSE and TPEx listed categories. In addition, CTCI Corp. and ECOVE finished among the top 10% of listed companies in the non-finance and non-electronics industry category with a market capitalization of TWD 10 billion or more. The two evaluations are divided into 7 and 5 notches respectively, with CTCI companies rated at the highest notches in both categories.

This year's evaluations were carried out using 85 indicators in 4 major dimensions: equal treatment for shareholders and protecting their rights and interests, enhancing board structure and operation, increasing information transparency, and putting corporate social responsibility into practice. A total of 1,600 companies, including 901 TWSE listed companies and 699 TPEx listed companies, were evaluated. Once again, the awards are recognition of CTCI's efforts in operational performance, corporate governance, and corporate social responsibility.

As a leader in Taiwan's engineering industry, CTCI continues to hold fast to its "Most Reliable" brand spirit to improve its corporate governance, and strives for sustainable business performance. Through the promotion of "Total Participation CSR Excellence Practice," CTCI has incorporated corporate social responsibility fulfillment into its business strategies and provided clients with optimized engineering series by utilizing its core competencies. This has been done by balancing the economic, social, and environmental developments as part of the contribution towards global sustainability. Its outstanding performances have been recognized in several domestic and foreign evaluations, including: being chosen as one of the constituent stocks in Dow Jones Sustainability™ Emerging Markets Diversified Index for five consecutive years; being awarded with Excellence in Corporate Social Responsibility Award by CommonWealth Magazine; and being awarded with the Ten Most Sustainable Company Awards by Taiwan Corporate Sustainability Awards (TCSA).

CTCI and McDermott joint venture contracted LPIC EPC1 Steam Cracker with Off-Site Work & Utilities Project by Oman Oil Refineries and Petroleum Industries Company (ORPIC) in Liwa Plastics Industries Complex (LPIC). The team successfully broke a new safety record of 70 Million Man-hours without Lost Time Injuries in February this year following the over 60 Million Man-hours without Lost Time Injuries record reached in September 2019 for onsite HSE management performance.

The safety record has been accumulated from Apr. 2016 till Feb. 2020. CTCI and its JV partner McDermott demonstrate excellent project integration and execution capabilities. Even at the onset of the commissioning stage, when major milestones including Cryogenic Flare Light Up, Boiler A Light Up, and Ethylene Import were performed, the project team managed to deliver high HSE performance in compliance with related onsite regulations, further attaining a record of 70 Million Man-hours without Lost Time Injuries. CTCI is committed to attaining the goal of no hurt by joining hands with its business partners and subcontractors.

ECOVE Solar Energy Corp., an affiliate of ECOVE under the parent company CTCI, announced that its Lumberton Solar Photovoltaic Power Plant (PVPP) in the USA is taking part in the Green-e® Energy Certification Program on Jan. 1. ECOVE becomes Taiwan’s first solar PV investor participating in the international certification program, enabling the company to continuously strengthen efficiency and quality of renewable energy, as well as further position itself in the green energy trading market through participation in an impartial third-party verification program.

ECOVE possesses extensive experience in investment, development, construction, and operation of solar PVPPs in Taiwan and the US. Currently, all ECOVE’s solar-power plants have cumulatively generated about 130 million kWh of green electricity and reduced 73,000 metric tons of carbon emission. In the future, it will keep expanding businesses in renewable energy sectors and make contributions to environmental protection.

ECOVE’s Lumberton Solar Plant, the 3rd largest investment of Taiwanese business in the eastern US, occupies an area of 165,000 m² in the state of New Jersey, and generates about 12,000 MWh of green energy annually, the Renewable Energy Certificates (RECs) are also sold to Solar Renewable Energy Certificate (SREC) market in New Jersey. Lumberton Solar PVPP has contributed to the reduction of environmental warming According to the ASSEMBLY RESOLUTION No. 249 of New Jersey Legislature, ECOVE’s Lumberton Solar Plant was introduced and commended as follows:
“In 2016, Taiwan G.D. Development Corporation (Note: former name of ECOVE Solar Energy Corporation) completed the Lumberton Solar Power Plant, generating 12,000 MWh of green energy and reducing 23,000 metric tons of carbon emission annually.” (kindly refer to: https://legiscan.com/NJ/text/AR249/id/1621523)

Green-e® Energy is an independent third-party certification program for renewable energy around the world. All the requirements stipulated by the standard must be met before Green-e® Energy is used for marketing by participants. The US-based NGO Center for Resource Solutions (CRS) administers the Green-e® program, which helps to increase the quality and transparency of renewable energy offered to consumers and businesses. Currently, more than half of voluntary renewable energy sales in the US market are verified and certified through CRS.

CRS is promoting Green-e™ Energy certification program in Taiwan and developing the Green-e Renewable Energy Standard For Taiwan ROC. As Taiwan’s leading company in the Solar PV industry, ECOVE is approved by CRS to use the Green-e® Energy logo in the US; ECOVE will share its experience with the industry peers, and makes contribution to enhancing efficiency and quality in Taiwan’s renewable energy services in coming days.