Late last week the company said the strategic partnership spoke directly to clean energy demands in China and was in line with its mandate to expand its business and seek an alternative listing in a Taiwan deposit receipt issuance.
“I am pleased to enter the first Taiwan business partnership with Apollo,” L&L chairman and chief executive officer Dickson Lee said.
“Using the Apollo team and its experience, we will provide a basis to apply US clean energy technology in China and expand our business from before-combustion coal operations to after-combustion energy controls with our existing customers, such as Datang Utility, in response to the demands in China.”
Apollo is a top pollution control group in Taiwan which has 60 technical staff.
L&L said Apollo possessed the chemical engineering and environmental science expertise that would help L&L eliminate sulfur and nitrogen from coal-fueled utility plants, as well as to reduce carbon dioxide in China.
In 18 years, Apollo has executed approximately 200 large environmental improvement studies or pollution clean-ups for customers such as Taiwan Power, Long Life Utility, Formosa Petroleum and Taiwan's Environmental Protection Agency.
