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2022/03
Taiwan CTCI Teams up with ITRI to Accelerate Realization of Net Zero Emission Target
TAIPEI, March 17, 2022- CTCI Corporation (CTCI) announces today that it has signed a MOU with Industrial Technology Research Institute (ITRI) to develop technologies for realization of net zero emission target and engage in renewable energy, and hydrogen energy research.
By teaming up with ITRI, CTCI expects to combine the strengths of both parties to lead industrial actions in plants engineering, procurement, construction (EPC), operation and maintenance (O&M), and renovation to gradually realize net zero emission target and mitigate global warming.
The MOU is focused on four technological development goals, which are carbon capture and utilization, industrial waste circulation, renewable energy, and reliability of energy storage devices.
CTCI has established the New Business Development & Strategy Management Committee (NBDSMC) early this year to advance green engineering and the high-tech business, which the company deem to be with huge potential.
“It is a great honor for CTCI to work in partnership with ITRI, the largest industrial technologies incubator and development base in Taiwan,” said Evan Chen, CEO of NBDSMC. “We hope that the mutual cooperation will enable us to gain control of the carbon capture, utilization and storage (CCUS) technologies, waste solvents and waste plastics recycling and reuse, development of key energy sources such as hydrogen energy—these are key elements to reach carbon neutralization/net zero emission targets. We plan to apply these technologies in CTCI’s various business sectors and promote such applications in the whole industry to deepen and expand our service scope, thus leading the engineering industry to keep abreast with the global sustainability trend.”
Alex Y.M. Peng, Executive Vice President at ITRI, commented that with government support, the Institute has proposed interdisciplinary tech solutions to assist industries in their net zero transition. For instance, it has developed inspection and metrology technologies to ensure fair trade of natural gas, enhance the safety of energy storage systems and solar photovoltaics products, and satisfy metrology demands for clean energy infrastructures. He further indicated that ITRI has developed a wide spectrum of green energy technologies, including hydrogen production/storage, hydrogen energy power generation, calcium looping for carbon capture, carbonation for CO2 fixation, energy storage and smart battery management/operation control, and thermo-chemical and biological conversion technologies for waste recycling. “These applications are enablers that will allow business owners to attain sustainable operations. We also continue to advance low-carbon emission processes and materials, including CO2 capture and utilization from flue gas and processes, water and waste solvents recovery, easy-to-dismantle design of solar photovoltaic modules, and recycling of LCD materials.
CTCI has been actively engaged in environmentally related projects (green energy, energy storage) in recent years, with track records in solar photovoltaics, offshore wind power, Li-ion battery, LNG receiving terminal projects. It also is an active player in the resource cycling sector.
In addressing global climate change, governments and business worldwide are actively engaging in low-carbon transition. The Taiwan government is also committed to attaining its net-zero emissions target in the year 2050. Accordingly, the contract amount of low-carbon and environmental related projects undertaken by CTCI has grown by 450% from 2015 to 2021.
CTCI is also promoting "net zero EPC" by proposing energy economization and carbon neutral service solutions at all stages of the EPC stages and work with business partners to form a low-carbon supply chain.
