CSC eyes major emissions reductionGREEN ENERGY FIRM: The company aims to reduce emissions by 7 percent by 2025 and reach carbon neutrality by 2050, chairman Wong Chao-tung saidBy Angelica Oung / Staff reporterThe nation’s largest steelmaker, China Steel Corp (CSC, 中鋼), is setting ambitious carbon emission reduction goals, chairman Wong Chao-tung (翁朝棟) said yesterday. “Apart from semiconductors, the green energy industry is the most hopeful bright spot for Taiwanese industry,” he said. According to Japanese news reports, CSC’s market value has risen to make it the sixth-largest in the world. Shares of CSC yesterday rose 1.63 percent to end at NT$37.5 in Taipei trading, giving the company a market value of NT$590.1 billion (US$21.22 billion). “For a steel producer that only makes 10 million tonnes of steel per year to achieve such a high market value is remarkable,” Wong said.

Source: Taipei Times August 30, 2021 15:56 UTC