Taoyuan City is the largest industrial and technological city in Taiwan, with an annual industrial output value of nearly NT$3 trillion, ranking first in Taiwan. It has 32 industrial zones, and the industrial settlements are diverse and complete. In order to encourage enterprises and funds to return and invest in Taoyuan, the city government formulated "Taoyuan City Industrial Development Self-Government Regulations" to target new companies with an investment budget, total amount of NT$50 million or more, or an additional investment amount of more than NT$30 million. This relevant incentive and subsidy plan is provided for relevant industry categories promoted by the city government, foundation or corporate operation headquarters.
 
【Blue Sky & Green Land Project, the ESG practitioner】
A blue sky and green land are the natural environment that people yearn for, and it is also the commitment by NOVAX Material & Technology Inc. to protect the environment for the earth we live on.
 "Our AdBlue® (catalytic reducing agent, urea solution for vehicles) can solve the pollution of nitrogen oxides emitted by burning diesel, making the are cleaner while enhancing a bluer sky!"
 
"Purification of Green Space" creates a new business system with sustainable circulation.
 
Aiming at ECO business opportunities, NOVAX plans to develop a new U-Power energy bar business unit, which uses waste foam from mattresses and waste foam from factories to recycle and process them into new energy that can replace coal. It has passed the Taoyuan City Industrial Development Autonomy in November of 2022 and applied for incentives and subsidies, and plans to officially put into production in the third quarter of this year.
 
NOVAX is ready and going all out to continue to promote a number of new businesses, creating sustainable new situation while maintaining Taiwan’s blue sky and green land.