Jungbu Power and SK Gas Launch Clean Fuel Transition Project to Reduce Greenhouse Gases and Fine Dust

[Asia Economy Reporter Moon Chaeseok] Korea Midland Power announced on the 22nd that it has signed a joint business agreement with SK Gas to promote a clean fuel transition project for small and medium-sized enterprises (SMEs) aimed at reducing greenhouse gases and fine dust.

The project is being implemented to expand nationwide, based on the high response from stakeholders and significant environmental benefits observed in the eco-friendly fuel transition project in Chungcheongnam-do region, which Midland Power is currently conducting.

Midland Power will provide financial support of 9 billion KRW over three years to cover the costs of replacing liquid fuel facilities such as bunker C oil with liquefied petroleum gas (LPG) facilities.

SK Gas plans to raise funds for recruiting SMEs and supporting vulnerable groups affected by climate change.

The agreement will resolve the initial investment cost issues for SMEs, enabling the project to proceed at an accelerated pace.

Upon completion, Midland Power estimates that the project will reduce approximately 360,000 tons of greenhouse gases and 3,000 tons of air pollutants over ten years.

Park Hyung-gu, President of Midland Power, stated, "Midland Power has continuously pursued domestic and international greenhouse gas reduction activities, including energy facility efficiency improvement projects for SMEs and the CDM project for distributing cookstoves in Bangladesh," adding, "We are currently undertaking large-scale improvements to power plant air environment facilities and supporting local residents in purchasing electric vehicles to reduce fine dust."

President Park also said, "Going forward, Midland Power will do its best to firmly establish itself as a global eco-friendly energy company that creates social value and enhances the quality of life for the people."

This content was produced with the assistance of AI translation services.