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CPC Corp., Taiwan signed an MOU with China Steel Corp. to work together on carbon-reduction technologies

11 Nov 2021

CPC Corporation, Taiwan signed a memorandum of understand (MOU) on August 27, 2021, with China Steel Corporation (CSC) for building mutually beneficial collaborations between the steel and chemical industries. Under the MOU, the two parties will be working on a co-production project, in which waste carbon from steel production will be recycled to make chemical products. Moreover, a platform will be established with the aim of conducting research and development (R&D) activities on carbon reduction technologies, in the hope of increasing revenues and boosting economic growth, meanwhile, achieving the goal of zero carbon emissions. The agreement was signed by Acting Chairman of CPC, Shun-Chin Lee, and President of China Steel Shyi-Chin Wang, on behalf of both parties.