ECOCO circular economy

Founded in 2018 by Andrew Li, ECOCO Circular Economy operates a network of smart reverse vending machines across 12 cities in Taiwan to collect recyclable waste from citizens. By integrating software and hardware, the enterprise builds a one-stop ecosystem connecting communities, businesses, and recycling facilities, distinct from traditional government or non-governmental organization models. The growing company has successfully deployed 108 machines that have cumulatively collected 14,490,000 plastic bottles, 11,520,000 polypropylene cups, 3,010,000 aluminum cans, and 2,090,000 batteries. Users who deposit these specific recyclable materials earn Eco Coins, a proprietary circular currency reward system that currently serves an active customer base of 70,000 households. This private point-reward recycling ecosystem has generated NT$200 million in new green money, which is fully redeemable at over 500 retail outlets and e-commerce platforms from 45 participating partner brands nationwide.