StockNews.AI
TSM
StockNews.AI
204 days

MTR Carbon Capture Selected to Provide a Capture Plant to TSMC

1. TSMC contracts MTR Carbon Capture for emissions reduction project. 2. Polaris membrane system will be installed by end of 2025. 3. MTR's technology is environmentally-friendly and cost-effective. 4. Future systems planned at more TSMC facilities. 5. This collaboration showcases TSMC's commitment to decarbonization efforts.

4m saved
Insight
Article

FAQ

Why Bullish?

This project reflects TSMC's commitment to sustainability, likely improving investor sentiment.

How important is it?

The project's potential to enhance TSMC's operational sustainability is significant in today's market.

Why Long Term?

Sustainability initiatives can enhance TSMC's reputation and market position over time.

Related Companies

TSMMTR
January 27, 2025 10:07 AM Eastern Standard Time NEWARK, Calif.--(BUSINESS WIRE)--MTR Carbon Capture has been contracted by Taiwan Semiconductor Manufacturing Company (TSMC) to supply a Polaris™ membrane carbon capture system to treat emissions from a TSMC solvent incineration facility in Taiwan. The capture unit will be installed at TSMC’s Taichung Zero-Waste Manufacturing Center by the end of 2025. This project will serve to showcase the effectiveness of MTR’s clean membrane capture technology by reducing carbon emissions from TSMC operations. Future larger Polaris systems are planned for deployment at additional TSMC facilities, as well as at waste-to-energy plants in the region. MTR is working jointly on this project with Taiwan’s largest engineering, procurement and construction (EPC) company, CTCI. “This is an important first step in deploying clean Polaris capture systems in Taiwan to help a global leader like TSMC decarbonize their operations. We look forward to working with TSMC and CTCI to make this project a great success,” said Brett Andrews, President of MTR Carbon Capture. MTR’s Polaris membrane process produces no chemical emissions and uses little water, making it a much cleaner and environmentally-friendly capture approach compared to alternative solvent-based capture systems. Polaris also does not require heat or steam input, as many capture approaches do, resulting in low operating costs. The membrane capture systems are highly modular and compact, providing flexibility for space constrained applications and reducing capital costs. About MTR Carbon Capture MTR Carbon Capture is the leading supplier of membrane-based carbon capture plants for power and industrial applications. MTR’s Polaris membrane is a highly modular, scalable and cost-effective capture solution that has been proven over 15 years of development in conjunction with the U.S. Department of Energy. MTR Carbon Capture is a division of Membrane Technology and Research Inc., an innovator, developer, manufacturer and leading supplier of industrial gas separation systems for over 40 years, with more than 450 systems deployed globally. Learn more at mtrccs.com https://www.linkedin.com/showcase/mtrccs/

Related News