Taiwanese cement company shows geothermal interest in green energy efforts
Beitou hot spring, Taipei, Taiwan (source: flickr/ Wunkai, creative commons)
Alexander Richter
1 Jul 2017
Taiwan's leading cement maker is launching a new "green" energy development project, naming geothermal energy as one of the options.
Taiwan Cement Corp., Taiwan’s leading cement maker, reported earlier this week that it plans to launch a new “green” energy development project by the end of this year, as part of its long-term business strategy to drive growth momentum.
“As well as our core [cement] business, we hope that the new project would contribute to the company’s operations over the next three to five years,” company chairman Nelson Chang told the Taipei Times after the firm’s annual shareholders’ meeting in Taipei.
The firm is particularly interested in wind power, solar energy and geothermal energy, he said, but declined to elaborate.
“We are still assessing the possibility of forming a joint venture for the project, but we must develop our own technologies first,” Chang said, adding that the firm would establish a team of experts from its subsidiary Hoping Power Co.
Source: Taipei Times
