The “Coproduction between Steel and Petrochemical Plants” initiative launched by CSC and the petrochemical industry is divided into three stages. In Stage 1 - “Establishing laboratory and pilot plant technology,” carbon capture from by-product gases and high-value technologies are developed in collaboration with the Industrial Technology Research Institute (ITRI) and funded by the National Forward-looking Program, with site validation to be conducted as well. In Stage 2 - “Building a demonstration production line for coproduction between steel and petrochemical plants,” the first demonstration production line for coproduction between steel and petrochemical plants in Taiwan will be built, with the facility projected to reduce 240,000 tonnes in carbon emissions each year. Moreover, Stage 3 involves extending the initiative to “commercial use,” where it is projected to reduce 2.9 million tonnes in carbon emissions each year, thereby helping the petrochemical industry form a low-carbon chemical industry chain.CSC and CPC Corporation signed a memorandum of understanding on August 27, 2021, with the construction of an R&D platform as the prelude to the initiation of cooperation. CSC is also in talks with other petrochemical companies such as Chang Chun Group, Dairen Chemical Corporation, CSCC, and UPC Technology Corporation over potential cooperation. CSC looks forward to seizing new business opportunities from carbon reduction through collaboration and progressing towards net zero carbon emissions together, thereby “contributing to environmental protection while generating benefits simultaneously” and turning the carbon reduction crisis into a turning point and a business opportunity. The pilot plant for co-production between steel and petrochemical plants was completed in September 2022. CSC collaborated with ITRI in conducting on-site verification of by-product gas carbon capture and high value technologies.