Page 23 - 2024 BRAVO! TAIWAN_en

Circular Economy CPC Kaohsiung Refinery. By promoting concepts Right Moment
from industrial propositions, national topic selection,
Policy Focus and platforms for problem solving to new innovative
problem solving, the plan focuses on the fields of
Taiwan's comprehensive industrial clusters will help organic, inorganic, biological and other materials for
revamp waste management and develop innovative topic selection and R&D center promotion. Executives
and high-value circular economy applications – efforts of state-owned enterprises such as CPC Corporation,
to reduce the negative impact that resource utilization China Steel Corporation and Taiwan Sugar have
has on the environment, as well as to improve the been engaged to jointly serve as the chief and deputy
efficiency of resource and energy use. By this, we conveners in their respective fields. Through thematic
hope to balance the economy, stabilize development, research and participation in the circular technology
and minimize environmental impact. and materials that meet industrial needs, they will lead
the upgrading and transformation of key industries in
Circular economy is one of the government's policies
to promote innovation in the 5+2 industries. Through the south into a new circular economy reality.
energy and resource integration, the life cycle of
resources can be extended or materials continuously Investment Opportunities
recycled to effectively mitigate waste and pollution
problems, demonstrating Taiwan's determination ¾ Developing Business Opportunities in
to move towards a circular economy. Moreover, the New Materials Market
this policy, together with the Circular Economy The government is promoting green production
Promotion Plan approved by the government processes by introducing smart production to create
in 2017, integrates circular economy concepts environmentally friendly, safe, and high-added-value
and sustainability innovation thinking into various products, and to develop high-value new materials and
economic activities, with the aim of benefiting the environmentally friendly low-carbon new materials.
economy and the environment while also aligning International enterprises are welcome to invest in
with international initiatives. The plan promotes two Taiwan for joint ventures, technology transfer, or joint
main axes, "Circular Industrialization" and "Industrial development for advancement into the new materials
Circularization", to build new material recycling centers market in the Asia-Pacific region.
for important domestic related industries such as ¾ Outstanding Site for Enterprise Development
metals, petrochemicals, etc., with Kaohsiung initially
serving as a circular economy hub and demonstration In accordance with the "Program for Application to Set
site. Eventually, circular economy developments will Up in Nationwide Dedicated Sites for Circular Economy
be spread throughout Taiwan, shaping a national Pilot Projects", the government will set up a "Circular
consensus, accelerating the effective utilization of Economy Industrial Park" as a long-term task aimed at
resources and creating maximum resource value by providing international enterprises with an all-new site
extending the life cycle of resources or continuously for the development of high-value green materials.
recycling them to effectively mitigate waste and ¾ Business Opportunities in the
pollution problems, thereby building a high-quality Purification of Wastes from High-Tech
living environment, improving the circular economy Production Processes
industry development environment, and creating Taiwan is a vital global base for the export of high-tech
future economic growth momentum. parts and components and generates large quantities

The Circular Technology and Materials Innovation of chemicals and other wastes from high-tech
R&D Platform Promotion Plan, part of the Circular production processes every year. These chemicals
Economy Promotion Plan: The Circular Technology and wastes can be purified or refined for recycling,
and Materials Innovation R&D and Special Zone presenting ideal opportunities for international
was established on the 17-hectare plant area of the enterprises with related technological know-how to
invest in Taiwan.

21