https://money.udn.com/money/story/5635/8363400
Economic Daily News, Song Yijing
November 15, 2024, 9:59:28 PM
At the 29th United Nations Climate Change Conference (COP 29), Taiwan's sustainable innovation once again captured global attention. Professor You Jing-Ying, Associate Professor in the Department of International Business at Yuan Ze University's College of Management and Deputy Director of the Global Affairs Office, was invited to represent both Yuan Ze University and Far Eastern Group at the conference in Azerbaijan. During the official forum, she presented the "AIoT+SAF+ESG Innovative Achievements" from YoungRay Industrial and shared Yuan Ze University's research results in energy conservation and carbon reduction. This high-level exchange showcased Taiwan's outstanding accomplishments in climate action and sustainable development. As a result, the next host country, Brazil, has officially invited Taiwan to continue sharing these achievements at COP 30.
Yongrui Industrial was the only Taiwanese company to present a key case at COP29, holding global invention patents in over 45 countries. Yongrui Industrial / Provided.
As a key case study presented at COP29, Yongrui Industrial showcased its innovative waste cooking oil recycling technology, highlighting its significant role in the green economy transformation. Yongrui Industrial was the only Taiwanese company to present a key case at COP29. The company holds over 45 global patents across more than 45 countries and has developed the "AIoT Smart Waste Cooking Oil Recycling Machine and System." This technology successfully converts waste oil into low-carbon, clean, sustainable aviation fuel (SAF) raw materials, which are supplied to well-known petroleum companies both domestically and internationally. These high-tech innovations have helped reduce carbon emissions by up to 80%.
Yongrui Industrial's AIoT smart waste cooking oil recycling machines and systems not only can instantly identify the source of waste cooking oil, but also upload recycling data to the cloud. By utilizing blockchain technology, the system ensures transparent data management. Every drop of waste oil, from its source to the treatment process, is fully traceable and tamper-proof, allowing partner companies to easily access oil product histories and track order progress. Currently, over 100 of these machines have been installed in Taiwan's night markets, shopping districts, and restaurants, effectively promoting the production and widespread use of low-carbon oil products both domestically and internationally. This initiative accelerates progress toward the goal of achieving net-zero carbon emissions by 2050.
Yuan Ze University College of Management Associate Professor in International Business and Deputy Director of the Global Affairs Office, Professor You Jing-Ying, was invited to participate in the COP29 conference in Azerbaijan. Yongrui Industrial / Provided.
Yongrui Industrial has not only deeply cultivated the domestic market, but its outstanding technology and business model are also widely applied globally. In 2022, the company won the Golden Ship Award, and in 2023, it received ISO 14067 certification. Additionally, it became the only Taiwanese waste cooking oil recycling company to earn both ISCC CORSIA and ISCC EU certifications. It is also a speaking member of the ISCC. Since its establishment, Yongrui has accumulated over 45 AIoT-related patents across more than 45 countries, underscoring its leadership in the international sustainability field.
At the forum, Professor You Jing-Ying also highlighted that the Yongrui team uses convolutional neural network (CNN) models, applying AI deep learning to analyze vast amounts of waste cooking oil data. This allows for accurate identification of different waste oil types based on their source and frying duration, enabling effective oil recycling classification. Through academic research and corporate innovation, both parties have provided inspiring solutions for sustainable development, contributing to the global green transition and opening up more possibilities for the future.
