A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Insurance Industry Records Major Gains in First Half The pre-tax profit of Taiwan’s life insurance industry in the first half of 2021 reached NT$259.2 billion, a 155.9% increase from the same period last year, according to statistics released…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan, Australia Seek Cooperation on Hydrogen On July 29, the Australian Office in Taipei and Taiwan’s Ministry of Economic Affairs held the Australia-Taiwan Hydrogen Trade and Investment Dialogue to discuss opportunities for developing hydrogen energy and other emerging…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Third UK-Taiwan Energy Dialogue Held Virtually in July Taiwan’s Bureau of Energy and the British Office Taipei held the Third Taiwan-Britain Energy Dialogue on July 6, during which the two sides signed a memorandum of understanding to cooperate…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS CPC, Qatar Petroleum Sign LNG Deal On July 7, Taiwan’s state-owned petroleum company CPC and Qatar Petroleum signed a Sales and Purchase Agreement for Liquefied Natural Gas (LNG). Under the agreement, the CPC will purchase 1.25 million tons…

Taiwan’s industrial parks have long faced waste disposal challenges. The reshoring of many Taiwanese manufacturers in recent years amid the restructuring of global supply chains has added to these challenges. Taiwan’s already limited industrial waste-processing capabilities have been stretched to capacity, as is evident from the increasing cost of disposing of waste. In light of…

Although hydrogen gas emits only water, it does not naturally exist in its pure form and must be generated from another hydrogen-carrying source – usually methane (CH4) – through a process called steam-methane reforming. Cheap and well-established, this process is also highly polluting, generating 10 tons of greenhouse gases for every ton of hydrogen. Hydrogen…

Environmental activists aim to ensure that Taiwan’s green energy revolution is truly environmentally sustainable. But will their efforts slow down Taiwan’s energy transition? The fishing industry is generally condemned by environmental organizations, and Greenpeace has often targeted Taiwan’s deep-sea fishing fleet for illegal and unsustainable practices. Yet in Yunlin County, local environmentalists have found common…