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2023-09-07

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Radium (2547TW)

Radium (2547TW) plans to expand circular economy business

-Subsidiary Rih Ding Water plans to raise cash capital by NT$ 592 million

Listed company Radium (2547 TW) announces to expand its circular economy business, with subsidiary Rih Ding Water Co., Ltd. planning to issue 50,200 thousand shares, issued price NT$11.8 per share, based on the unaudited book value per share of Rih Ding Water on July 31, 2023. The new shares are expected to be subscribed mainly by Rih Ding Circular Economy Investment Holdings Co., Ltd., a 100% owned subsidiary of Radium, with a total amount of no more than NT$592,360,000.  The paid-in capital of Rih Ding Water Co., Ltd. will reach NT$6.21 billion by the time capital increase completed, with number of shares issued to reach 621,000 thousand shares.

Rih Ding Water manages the largest sewage piping and treatment BOT system in Taiwan, covering six urban planning areas of approximately 7,610 hectares in Taoyuan. As of the first half of 2023, the connecting rate of public sewage piping system in Taoyuan is around 23.2%. Radium with Rih Ding Water have invested more than NT$11 billion, contributing to connecting rate of 15.29% in Taoyuan and around 60% of the current Taoyuan sewer system, reaching 130,000 households with capacity of treating 100,000 tons of sewage per day. The sewer construction has expanded to Taoyuan urban planning area and the Bade urban planning area recently, estimated to reach around 140,000 households by end of 2023. To well manage increasing sewage, Rih Ding Water is implementing intelligent management system to strengthen pre-treatment bio-membrane (BioNET) and membrane bioreaction (MBR) filtration technologies. Rih Ding Water plans also to add-in anaerobic digestion tank and sludge dryer to support sludge reduction and biogas power generation, so as to accelerate waste recycling process and create an ESG green energy park in Taoyuan.

By cooperating with Rih Ding Water, Radium subsidiary Bao Ding Reclaimed Water managing Taoyuan BTO reclaimed water project, will integrate the discharged water system from Taoyuan North District Water Recycling Center and purify advance into reclaimed water. The pipeline system transmitting reclaimed water will build first to China Petroleum Taoyuan Refinery and Guanyin industry area. It’s estimated to provide over 40,000 metric tons of reclaimed water per day when the first phase of BTO project completed in 2025. 

Bao Ding Reclaimed Water is schemed to adopt technologies of selected filtering cloth with ultrafiltration membrane (UF) backwash water and reverse osmosis membrane (RO) for sewage treatment. It is to ensure high quality output combining with AI and early warning system. On the supply side, Bao Ding will implement Industrial 4.0 automatic water distribution mode to detect users’ consumption and schedule dynamically proper storage and flow rate to meet varying user demands. With real-time intelligent management system, it’s estimated to reduce power consumption by 10%. As pipeline construction is on schedule currently reaching 12 kilometers, the first stage of system is expected to supply 10,000 tons of reclaimed water daily to Taoyuan industry zone by mid of 2024.

日鼎水務-桃園北區水資源回收中心

Rih-Ding Water Enterprise Co., Ltd.- Taoyuan North District Waste Water Treatment Plant

寶鼎再生水場域 加速建設中

Bao Ding Reclaimed Water is building the factory area

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