Launching with a request for low-CO2 cement and concrete, the Alliance for Low-Carbon Cement and Concrete Taiwan Cement Corporation wants to increase revenues from energy storage and vehicle charging in order to diversify its business away from cement. By 2025, it hopes to generate more than half of its revenue from sources other than cement.
The cement plant will continue to produce 80Mt of cement annually. According to the corporation, its obligation to contribute to lowering net world CO2 emissions is the
driving force for its planned diversification.
Chair Nelson Chang said “Carbon reductions must be fast and efficient, and the use of solar and other green energy resources in producing cement is not enough to offset carbon emissions. That means Taiwan Cement has to press ahead and develop carbon capture techniques that would help mitigate the negative impact of cement production
on the environment.”
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