Sandan Gong, Expanding Greenhouse Gas Reduction Projects... Leading the Transition to Green Industrial Complexes

Annual Reduction of 2911t CO2 in Industrial Complex Greenhouse Gases through Eco-friendly Facility Support

On the 13th, the Korea Industrial Complex Corporation announced that it will expand its greenhouse gas reduction projects this year to promote the smart green transition of industrial complexes, which are energy-intensive areas and major sources of greenhouse gas emissions, and to reduce energy consumption and carbon emissions. Photo by Korea Industrial Complex Corporation

[Asia Economy Reporter Kim Heeyoon] The Korea Industrial Complex Corporation announced on the 13th that it will expand its greenhouse gas reduction projects this year to promote the smart green transition of industrial complexes, which are regions with high energy consumption and major sources of greenhouse gas emissions, and to reduce energy and carbon emissions.

In particular, this year, due to the urgency of carbon reduction and energy saving, the total project budget has been increased from 900 million KRW to 2.1 billion KRW. The Corporation plans to announce the project on its website within this month.

Previously, since 2017, the Corporation has been conducting the "Green Industry Development for Greenhouse Gas Reduction Project." This project is linked to and utilizes the results of the "Korean-style Eco-Industrial Park Establishment Project (EIP)" previously promoted by the Ministry of Trade, Industry and Energy and the Corporation.

This project supports the ecological transition of industrial complexes and assists companies that find it difficult to reduce greenhouse gases on their own by supporting the reduction of greenhouse gases and energy efficiency of facilities jointly used by tenant companies in the industrial complexes.

Last year, through three tasks including mobile cutting fluid for industrial complex vehicles, joint steam facility efficiency improvement, and high-efficiency boiler replacement, 2,911 tons of CO₂ were reduced annually. The Corporation explained that this is a 104.4% improvement compared to the previous year.

Kim Jeonghwan, Director of the Korea Industrial Complex Corporation, said, "Reducing greenhouse gases in industrial complexes is very important to actively respond to the internationally spreading carbon reduction, energy saving, and RE100 policies," adding, "We will continue to take the lead in reducing greenhouse gases in industrial complexes in connection with the Smart Green Industrial Complex project."

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