4-1 Innovative and Sustainable Products and Services
In recent years, the global industrial environment has been changing rapidly, and climate change and environmental pollution are increasing, making resources increasingly scarce and seriously threatening the sustainable survival of the planet. Novatech is actively deploying green projects, investing in the development of circular economy technologies, and including product innovation as one of our major themes. In 2022, Novatech actively cooperated with external organizations to enhance the recycling technologies of waste liquids and gases, and the efficiency has
improved compared with that of 2021.
Novatech's representative projects include high-efficiency thin-film oil and gas recycling equipment, aluminum etchant recycling technology, chemical waste recycling equipment, as well as high-cleanliness chemical supply and packaging systems, all of which provide high-quality environmental pollution prevention and control technologies to reduce the environmental impact of our customers' operations.
Novatech has been adhering to the concept of sustainable management all along the way, and continues to utilize innovative methods and rich practical experience to research and develop innovative products that meet the requirements of environmental safety and quality, and to provide customers with engineering and technical services for energy saving, carbon reduction, and resource recycling, as well as contributing to the sustainable development
of the company. In the future, Novatech will continue to make further progress in the field of recycling economy, and we hope to become the best helper for our customers to move towards high-efficiency, non-toxic, and zero-waste processes through more refined and friendly environmental engineering technologies.
Environmentally Friendly Products or Services
The balance between economic development and environmental protection is a topic that Novatech is constantly thinking about. We are committed to the spirit of continuous research and development, innovation, and continuous improvement of energy saving and waste reduction, providing the safest and high quality engineering planning services to our customers. The design specifications are above the industry average to enhance resource efficiency in the utilization phase of the system. We also taking into account the mission of environmental impact mitigation. We use innovative methods and combine practical experience to provide our customers with high-tech process supply systems in different industry sectors to move towards a circular economy. Novatech's non-energy projects related to climate change mitigation include gas mixing system, chemical dilution system, water discharge and reclaimed water system, chemical waste recycling equipment, aluminum etching liquid recycling technology, etc. In 2022, the total amount of the aforesaid projects in progress will be NT$5,971 million.
High-efficiency thin film oil vapor recovery equipment: Recycling and air quality improvement for customers
Novatech has cooperated with a famous equipment manufacturer in Germany to develop the laminated thin-film oil vapor recovery technology to improve the recovery and recycling of oil and gas and significantly reduce air pollutant emissions. The technology separates the tank oil from the clean air, converts the oil and gas into liquid and recycles it to the tank, and then discharges the clean air after purification, which is a combination of compression, absorption and selective gas permeation thin-film technology. It is a combined system with compression, absorption and selective vapour permeation membrane technologies, which can recycle the oil and gas that may escape from the tanks and reduce the proportion of oil and gas that escapes into the atmosphere and reduce the concentration of VOCs emitted from the tanks, with a recovery efficiency of up to 95%.
Novatech has already cooperated with an equipment supplier to assist the Qiaotou Oil Supply Center to complete the installation and operation of a set of recycling equipment.Novatech is currently planning to apply the same technology to the LPG storage tanks of the CNPC Lynn Plant to recycle the oil vapor that may escape from the tanks and reduce the proportion of oil and gas that escapes into the atmosphere. This technology can reduce the concentration of VOC emissions to below 300 PPM and has a recovery efficiency of up to 95%, which can significantly reduce air pollution emissions and energy waste.
Novatech actively cooperates with foreign countries in technology development and provides domestic enterprises with pollution prevention equipment and technology to assist customers in installing environmental protection and recycling economy equipment, so that Novatech can work together with its customers to achieve sustainable development and transformation of their operations.
Product innovation
Patents
Novatech actively invests in the research and development of innovative products, continuously enhances its R&D capacity and technological strength, introduces advanced technologies from overseas manufacturers, and cooperates in the research and development of innovative products in order to respond to market demands and maintain its technological leadership in the field of industrial manufacturing process specialization. Our achievements are reflected in the number of patents we continue to apply for and obtain each year. In 2022, Novatech, Rayzher and our China subsidiaries, Shanghai Winmax Technology Corp. and Suzhou Winmax Technology Corp. have obtained 16 patents for Utility Models and 4 patents for Software Copyrights, for a cumulative total of 20 patents. Novatech has been recognized by many governments and partners, proving that Novatech and its subsidiaries have industry-leading R&D technologies and competitive capabilities on both sides of the Taiwan Strait, and are able to quickly design and manufacture equipment that meets the needs of customers and satisfies different customer demands, thus obtaining orders from the high-tech industries on both sides of the Taiwan Strait over the years.
