As Taiwan continues its trajectory toward becoming a hub of renewable energy in Asia, businesses and investors around the world are taking notice. While the industry is still in the early stages of development, a lot of excitement has been generated about the renewables projects recently completed or currently underway. Among these, the Hai Long…
In 2016, Taiwan began working towards the ambitious goal of transforming its energy portfolio by 2025, reducing its current reliance on coal and boosting the proportion of renewable energy sources used to power its homes and businesses to 20% of the total energy mix. Danish wind power company Ørsted is leading the change by actively…
The efforts of three companies in very different industry sectors indicate the scope of activity undertaken by leading multinationals operating in Taiwan. Many AmCham member companies have been active in supporting the increasing importance of sustainable development in Taiwan through their operations and products, supply chains, employee policies, and community initiatives. Among them, Corning has…
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…
The government has yet to include hydrogen in its renewable energy policies, but the private sector is already investing in this fast-growing area. The Star of Hope ferry carries up to 90 passengers several times a day across Sun Moon Lake, a routine journey made exceptional by the boat’s drive system: electric motors powered by…
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…
