Yeosu City Signs Investment Agreement for Carbon Neutrality with Korea East-West Power and GS Caltex

Korea East-West Power to Invest 100 Billion KRW with GS Caltex to Build Eco-Friendly Hydrogen Fuel Cell Power Plant

[Asia Economy Honam Reporting Headquarters Reporter Shim Kyung-taek] A hydrogen fuel cell power plant, known as an "eco-friendly power plant" due to its low noise and zero emission of pollutants, will be established in the Yeosu National Industrial Complex in Jeollanam-do.

On the 17th, Yeosu City announced that it signed an "Investment Agreement for the Activation of the Hydrogen Economy and Carbon Neutrality" with Korea East-West Power and GS Caltex at the situation room.

Korea East-West Power and GS Caltex will invest 100 billion KRW to build a 15MW-class hydrogen fuel cell power plant by 2023 on idle land within the Korea East-West Power Honam Thermal Power Plant in the Yeosu National Industrial Complex.

The hydrogen fuel cell power plant will produce electricity through a chemical reaction with oxygen by receiving by-product hydrogen generated during the petrochemical process at the GS Caltex Yeosu plant, producing only pure water as a byproduct.

Hydrogen fuel cell power generation using by-product hydrogen is attracting attention as an eco-friendly power generation method that produces less noise, has higher efficiency compared to conventional power generation methods, and generates almost no air pollutants such as CO2 or wastewater.

Korea East-West Power and GS Caltex have committed to coexistence and development with the local community by encouraging their employees to reside in Yeosu, hiring Yeosu citizens, prioritizing the purchase of local goods, and preferentially using local companies, which is expected to inject new vitality into the Yeosu economy, which has been stagnated due to the prolonged COVID-19 pandemic.

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