Sungshin Cement Selected for National Project on Carbon Capture Technology Development... 39 Billion KRW Investment by 2025

Cheonma Brand Cement Logo of Sungshin Cement.
Photo by Asia Economy DB

[Asia Economy Reporter Junhyung Lee] Cement manufacturer Seongsin Yanghoe is accelerating its ESG (Environmental, Social, and Governance) management by entering the development of carbon dioxide capture technology.

On the 28th, according to Seongsin Yanghoe, the company was selected as a participating institution in the national project led by the Ministry of Trade, Industry and Energy titled "Development of Low-Carbon Fuel Technology Utilizing Carbon Dioxide Emissions from the Cement Industry in the CCU (Carbon Capture and Utilization) Sector." The business agreement ceremony related to the national project was held yesterday in Chungcheongbuk-do. Ten institutions and companies, including Chungcheongbuk-do, Danyang-gun, and Seongsin Yanghoe, attended the ceremony.

A total of 39 billion KRW will be invested in this project by 2025. Seongsin Yanghoe is expected to be the first in Korea to apply CCU technology to the cement process. Through technology development, the company will capture carbon dioxide and fine dust generated in the cement process and produce methanol, an eco-friendly fuel.

According to the project plan, Seongsin Yanghoe will build facilities on the Danyang plant site capable of capturing 50 tons of carbon dioxide per day and converting up to 30 tons per day into methanol to demonstrate carbon-neutral fuel technology. The company plans to secure a carbon dioxide capture capacity of 2,000 tons per day by 2030. The long-term goal is to have a carbon dioxide capture capacity of 8,000 tons per day after 2030. According to the company, methanol can be converted and produced into dimethyl ether (DME), a next-generation clean fuel, and currently, all methanol is imported from overseas, so import substitution effects are also expected.

A Seongsin Yanghoe official said, "The establishment of methanol conversion facilities is the first step in developing low-carbon fuel technology," adding, "The produced methanol can increase economic feasibility through conversion production into higher value-added DME and hydrogen in the future." The official also stated, "By converting carbon dioxide into methanol, DME, and hydrogen for resource utilization, we can secure an eco-friendly new growth engine," and "At the same time, we will contribute to achieving carbon neutrality by reducing carbon dioxide emissions by more than 50%."

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