"Eco-friendly Manufacturing"... Up to 1 Billion Support for 11 Companies Selected as 'Smart Ecological Factories'

Reference photo

[Asia Economy Reporter Kim Bo-kyung] On the 15th, the Ministry of Environment selected 11 companies to be the target enterprises for smart eco-factories, transitioning them into leading models of eco-friendly manufacturing plants.

The Ministry of Environment and the Korea Environment Corporation signed a "Business Plan Agreement for the Successful Promotion of the Smart Eco-Factory Construction Project" together with five selected companies at the Greenhouse Gas Integrated Information Center on the same day.

The Smart Eco-Factory Construction Project supports comprehensive eco-friendly facility improvements for manufacturing plants with high pollutant emissions, including not only traditional pollutant reduction but also resource and energy efficiency and the introduction of smart facilities.

Companies selected as smart eco-factories will receive up to 1 billion KRW in government funding for facility improvements from the Ministry of Environment and will carry out low-carbon and eco-friendly manufacturing process transition projects over the next year.

This project was commissioned by the Ministry of Environment to the Korea Environment Corporation and was open for applications for about a month starting July 20. Thirty-five domestic manufacturing companies applied, and after preliminary evaluations and on-site investigations, 11 companies were finally selected.

Among the selected companies, nine are small and medium-sized enterprises, and two are mid-sized enterprises. Over the next year, they will implement improvement projects in various fields such as air and water pollutant reduction facilities, waste reuse, and energy savings.

The Ministry of Environment collaborated with related ministries to enable support linkage with the Ministry of Trade, Industry and Energy’s Clean Factory project and the Ministry of SMEs and Startups’ Smart Factory project.

Going forward, continuous support will be provided to help manufacturing plants reduce pollutant and carbon emissions and transform into clean green companies.

The Korea Environment Corporation will provide customized support by industry and process to the selected companies and will conduct year-round continuous consultation and project management to ensure improvements through the integration of eco-friendly facilities in various fields.

Starting with 11 companies this year, 30 in 2021, and 59 in 2022, a total of 100 companies will be selected and supported over the next three years to establish them as leading models of smart eco-factories.

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