The recycling economy is a type of recoverable and renewable industrial system that emphasizes redesigning materials, products, and business models in order to eliminate waste and enable resources to be used more efficiently. It also facilitates the use of renewable energy and rejects the use of toxic chemicals. Hence, it is an industrial system that the Taiwanese government urgently needs to construct.

In order to put this industrial system into practice, Taiwanese Environmental Administration Minister Lee, Ying-Yuan was accompanied by officials from the Recycling Found Management Board and Department of Waste Management to visit Uwin Nanotech and observe their environmentally-friendly wet process precious metals recycling technology and discuss recycling economy and urban mining issues. Using UWin Nanotech's technologies and processes not only facilitates highly efficient recycling but also prevents damage to the environment and people's health. Most importantly, using the wet process eliminates the need for to use crushing and burning methods and can reduce the increasingly serious air pollution levels.

Environmental Administration Minister Lee, Ying-Yuan commented that UWin Nanotech's environmentally-friendly wet process precious metals recycling technique is extremely suitable for the requirements of the recycling economy and is a crucial link in establishing a recycling economy industry in Taiwan. As a result, he hopes that UWin Nanotech will be able to take additional steps in expanding their solutions for Taiwan-related industries.

Kenny Hsu, Managing Director of Uwin Nanotech, pointed out that currently Taiwan is already considerably advanced in e-waste recycling with a complete recycling system which includes recycling of large electronic devices, such as televisions, computers, air conditioners, and refrigerators. However, there are still no clear regulations and systems for mobile phone recycling; therefore, Taiwan should first establish a recycling mechanism for waste mobile phones to reduce e-waste pollution while also increasing the effectiveness of urban mining.

Kenny Hsu also stated that Taiwan is an enormous electronics industry settlement which includes chip manufacturing, chip packaging, and connector manufacturing, and these industries have recycling requirements for e-waste electronic components and scrap parts. If a recycling mechanism can be established that corresponds to these industries, it would be a good way to put the government's recycling economy into practice. By first establishing a small recycling mechanism, they can then gradually put a comprehensive national large recycling model into place.