Hon Hai Technology Group (“Foxconn”) (TWSE:2317), world’s largest electronics manufacturer and leading technological solutions provider, and Pace CCS, the global leader in carbon capture and storage (CCS) design, today announced a major step in solving a key challenge for the CCS industry. The companies have begun operations at a new laboratory in Taipei to develop a chemical injection unit to prevent corrosion in CCS networks.

This partnership combines Foxconn’s expertise in precision manufacturing with Pace CCS’s specialized design knowledge. It demonstrates how cross-industry collaboration can advance the shared goal of fighting climate change.

Carbon capture and storage is a critical technology for achieving Net Zero emissions. The global demand for carbon capture is estimated at eight billion metric tons of CO2 annually, requiring trillions of dollars in investment.

A key technical challenge is protecting CCS infrastructure from corrosion. Chemical reactions within the CO2 stream can create corrosive products such as sulfuric acid and nitric acid. These reactions can also produce water and solids, which lead to corrosion, erosion, and clogged disposal wells.

The new laboratory will prove the efficacy of a chemical scavenger, already used in industries including semiconductor manufacturing. The goal is to show it can prevent the formation of these damaging acids and water under real-world CCS conditions.

“This is the solution the CCS industry has been waiting for,” said Matthew Healey, Pace CCS Managing Director. “By turning a major technical challenge into a simple operational expense, we’re accelerating global CCS deployment.”

“Foxconn is proud to bring our supply chain expertise to the energy transition,” said Ron R. T. Horng, Foxconn’s Chief Environment Officer. “This collaboration shows how cross-industry partnerships can drive meaningful progress against climate change.”

About Foxconn

Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking 28th among the Fortune Global 500. In 2024, revenue totaled TWD6.86 trillion (approx. USD208 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40%. The Group operates over 230 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – artificial intelligence, semiconductors and next-generation communications technology. Pulling it together with its three intelligent platforms – Smart Manufacturing, Smart EV, Smart City – the “3+3+3” strategy is key to driving the Group’s long-term growth. Foxconn is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practice model for global enterprises. To learn more, visit www.honhai.com

About Pace CCS

Pace CCS are the global leaders delivering design for CCS projects, with experience with well over 100 CCS projects worldwide. Pace CCS are based in London and Kuala Lumpur. To learn more, visit www.paceccs.com.