Taiwan is making great strides in developing its biotech sector, but reaching the NT$ trillion mark in annual production value by 2025 won’t be easy. When the Biotech Innovation Organization (BIO), the world’s leading industry association for biotechnology, chose to hold its annual regional conference this summer in Taipei, it was a big boost for…

Chemical manufacturers in Taiwan are concerned that new rules requiring the disclosure of hazardous substances in their products could compromise confidential business information (CBI). In November 2018, the Ministry of Labor (MOL) published an amendment to the Regulations for the Labeling and Hazard Communication of Hazardous Chemicals that requires disclosure of the substance’s Chemical Abstract…

Drive through the countryside in the central Taiwan counties of Yunlin, Changhua, and Chiayi and you’re bound to notice the many barns and chicken coops with substantial solar arrays installed on their roofs. Development of solar power is a major part of Taiwan’s plan to transform its energy sector, eliminating nuclear power generation and bringing…

Given environmental pressures and limited scale, the sector sees just two options: move into specialty chemicals or invest overseas. Despite environmental and other challenges, Taiwan’s chemical sector continues to thrive. In 2018, the industry was forecast to grow by 4.88% – the highest growth rate of any industry in Taiwan – to reach NT$4.68 trillion…

The state-owned company looks to invest in high-value-added chemicals and green projects at home while exploring upstream opportunities overseas. The CPC Corp. was established in Shanghai as the Chinese Petroleum Corp. in 1946 and relocated to Taiwan three years later. The state-owned firm plays a crucial role in ensuring Taiwan’s energy security, and is also…

The private certification program helps companies develop core values and policies that benefit all stakeholders. A growing worldwide trend for companies to certify their commitment to sustainability and accountability has also been gaining traction in Taiwan. Within the past three years, 27 Taiwanese companies have received B Corporation (also known as B Corp) certification, more…