CHIMEI has completed carbon credits transaction and offsetting on the Climate Impact X (CIX), a Singapore-based global carbon exchange and marketplace, in June, becoming the first Taiwanese enterprise which secured and traded carbon credits on the CIX.
The synthetic and electronics material supplier purchased 10,000 tons in carbon credits from the CIX’s Project Marketplace. The source of the carbon credits purchased by CHIMEI is forest and nature conservation projects in Cambodia and Peru. The carbon credits were certified according to Verified Carbon Standard (VCS).
To achieve the goal of "Clean & Green" and respond to the international trend of carbon neutrality, CHIMEI joined CIX in April. The carbon credits purchased by CHIMEI will be used to offset carbon emissions from commute and business trips of internal employees in 2021-2025. A total of 1,416 metric tons of carbon emissions in 2021 was already offset on June 27.
CHIMEI completed the world's first carbon neutral transportation of butadiene in August 2021. The company also launched a Carbon Capture and Utilization (CCU) project in May 2022.
Phase 1 of the project partnered with the Industrial Technology Research Institute (ITRI) to develop a technology to covert CO2 recovered from CHIMEI’s flue gas into dialkyl carbonate (DRC), the main in-process material used in PC products. The technology is expected to be validated by the end of 2023.