Cross-border collaboration advances potential new solution for CCS corrosion mitigation; visitors welcome October 30–31

October 30 2026, Taipei, Taiwan – Hon Hai Technology Group (Foxconn) (TWSE: 2317), the world’s largest technology manufacturing platform service provider, will showcase a novel approach to CCS corrosion prevention, developed in collaboration with UK-based Pace CCS Holdings Ltd, at Hon Hai Tech Day 2026, taking place October 30–31 at Taipei Nangang Exhibition Center, Hall 1. Laboratory proof-of-concept of an approach to inhibiting acid corrosion has been completed, offering a potential new solution to improve the safety of CO₂ transport and storage in the carbon capture and storage (CCS) industry at lower cost. Pace CCS Chief Technology Officer, Matthew Healey, will share technology trends and the results of the collaboration at the Sustainability Forum

Trace impurities in CO₂ streams can form strong acids under certain conditions, potentially leading to corrosion - a significant challenge for CCS infrastructure. Laboratory testing has confirmed that a semiconductor-grade chemical scavenger has the potential to remove key oxidizing constituents, suppressing strong-acid formation at its source versus the need for additional processing to remove impurities, potentially lowering barriers to adoption.

Testing began in Taipei in November 2025. Results showed that, under the test conditions, the addition of the scavenger prevented acid corrosion of metal coupons, whereas the untreated control samples exhibited visible corrosion. These findings provide a foundation for evaluating future applications.

Ron R. T. Horng, Chief Environmental Officer of Hon Hai Technology Group, said: “As Foxconn advances its net-zero transition, we are also working to apply our manufacturing and systems integration experience to carbon-reduction technologies. By bringing together Foxconn’s capabilities in precision manufacturing, gas-reaction control and piping design with Pace CCS’s engineering expertise, we aim to move the results of laboratory validation progressively toward industrial applications and deliver more practical solutions for net zero.”

Matthew Healey, Chief Technology Officer of Pace CCS, said: “Acid-driven corrosion is a critical cost driver in CCS operations. While raising CO₂ purity standards can mitigate risk, it sharply increases upstream treatment costs. By deploying a chemical scavenger to inhibit acid-forming reactions at the source, this potentially offers a more cost-effective solution. Pace is proud to have provided innovative thinking and technical support during laboratory testing. We look forward to continuing our technical support as the technology advances into the next stages of testing and validation.”

Provided corrosion risks can be adequately managed, the technology could allow some systems to transport and store CO₂ with higher impurity levels, enabling more emissions sources to participate in storage networks, expanding the potential reach of CCS and reducing costs.

Ruth Bradley-Jones, Representative of the British Office Taipei, said: “The collaboration between Foxconn and Pace CCS demonstrates the complementary strengths of Taiwan’s manufacturing and systems integration capabilities and the UK’s expertise in carbon capture and storage. We welcome efforts by businesses from both sides to explore industrial decarbonisation solutions and look forward to seeing continued technical exchange and collaboration translate innovative ideas into practical applications that support the net zero transition.”

The CO₂ corrosion mitigation technology will be featured in the Environmental Intelligence exhibition area at this year’s Hon Hai Tech Day, giving visitors an opportunity to learn about the purification process and its potential applications. Foxconn will continue working with international companies collaboratively to advance innovation and research in carbon capture and expand viable pathways toward net zero. October 30 is an invitation-only opening day, while October 31 is open to the public. Registration and admission arrangements are subject to the event organizer’s announcements.

About Hon Hai

Hon Hai Technology Group (Foxconn) (TWSE:2317) is the world’s largest electronics manufacturer and leading technology solutions provider, ranking 23rd in Fortune Global 500. In 2025, revenue totaled TWD8.1 trillion (approx. USD260 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and other. Operating over 240 campuses across 24 countries, Foxconn is one of the world’s largest employers with approx. 1 million employees during peak manufacturing season.

We are committed to sustainability in the manufacturing process and serving as a best-practice model for global enterprises. The Group is guided by its 3+3+3 strategy, actively investing in industries of electric vehicles, digital health, and robotics; in technologies of artificial intelligence, semiconductors and next-generation communications; in intelligent platforms of Smart Manufacturing, Smart EV and Smart City. Foxconn is dedicated to becoming a comprehensive, world-class enterprise, with AI as its core driving force. Learn more at www.foxconn.com/en-us

About Pace CCS

Pace CCS is a boutique engineering and advisory consultancy dedicated to making CCS projects bankable, scalable, and cost-effective. Working quietly behind the scenes on the flagship developments shaping the industry’s future, the firm brings deep technical expertise from supporting CCS projects worldwide. Pace CCS delivers practical engineering and grounded problem-solving to overcome complex technical challenges, lower project costs, and de-risk investments.