Korea Hydro & Nuclear Power, Korea's First Biogas-Based Hydrogen Convergence Project 추진

Jeonju City-Environmental Corporation-Taeyoung Construction MOU

Jung Jae-hoon, President of Korea Hydro & Nuclear Power (second from right), and other officials pose for a commemorative photo after signing a Memorandum of Understanding (MOU). (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power announced on the 17th that it signed a 'Memorandum of Understanding for the Promotion of a Hydrogen Convergence Project Based on Biogas' with Jeonju City Hall, Jeonju City, Korea Environment Corporation, and Taeyoung Construction to realize a Green New Deal and a hydrogen economy city.

This is the first hydrogen convergence project based on biogas in Korea.

According to the agreement, these organizations will cooperate on ▲ development of biogas-based convergence projects ▲ permits and approvals, enhancing local residents' acceptance ▲ stable biogas production technology and securing greenhouse gas emission rights ▲ advancement of business models ▲ securing business profitability through linkage with government-supported projects ▲ discovering additional projects utilizing biogas, hydrogen, and more.

Through this agreement, it is expected that each organization's core competencies and assets will be actively utilized to develop hydrogen convergence projects based on biogas.

It is also anticipated to contribute to the development of regional specialized projects in Jeonju, a hydrogen pilot city, thereby expanding new possibilities for the hydrogen economy.

Jung Jae-hoon, CEO of KHNP, said, "Four organizations representing the fields of people, environment, resource circulation, and energy will strengthen continuous communication and cooperation through this memorandum of understanding."

He added, "Through this, KHNP is expected to greatly contribute to establishing a foothold for future growth businesses."

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