Push for Recycled Water Could Create NT$150 Bil in Business

A push by the government to develop recycled water is expected to create NT$150 billion (US$4.46 billion) worth of business opportunities in Taiwan by 2031, according to an estimate of the Ministry of Economic Affairs (MOEA)

The MOEA said that the central government is planning to launch a pilot program to build six recycled water plants as a model for the private sector to follow. The projects to build the plants have been approved by the Executive Yuan.

In addition, the local governments and private corporations are expected to make their own efforts to develop recycled water in the future, the MOEA added.

The massive efforts to be made by the government and companies are expected to produce 1.32 million tons of recycled water a day by 2031 and could bring in a total of NT$150 billion in business opportunities, the MOEA said.

Currently, Taiwan produces only 420,000 tons of recycled water a day.

The ministry said that the six water plants planned by the Cabinet will cost about NT$50 billion, and the local governments and the private sectors are expected to invest an additional NT$100 billion to bring the total to NT$150 billion in business opportunities resulting from recycled water development.

The Legislative Yuan passed the recycled water resource development act in December, and the law has been promulgated and has become effective.

The MOEA said that it will complete supplementary regulations to the act in July at the earliest, to facilitate the pace in the development of recycled water in Taiwan.

It said that some local governments and water treatment firms have expressed an interest in joining forces with the MOEA to develop recycled water, and the supplementary regulations will help the government push for the initiatives to do so.

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Taxonomy

• Water Reuse & Recycling
• Water Recycling
• Reuse