Chungnam, Transitioning Metal and Chemical Industries to a Low-Carbon-Centered Ecosystem

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province is embarking on a 'low-carbon transition' for the metal and chemical industries, which are major carbon emitters.

The province announced on the 3rd that it will establish and implement the 'Basic Plan for Fostering Chungnam's Metal and Chemical Industries (2022-2026)'.

The basic plan was prepared through advisory committee meetings composed of experts in the metal and chemical industry sectors, forums, and roundtable discussions with companies located in the Daesan Petrochemical Complex in Seosan.

The goal has been set as the 'completion of a sustainable metal and chemical industry ecosystem.'

To achieve this goal, the province plans to implement four major strategies: ▲establishing a growth foundation for advanced materials in response to carbon neutrality ▲creating a technology development base to improve self-reliance in materials and components ▲supporting the development of advanced material technologies to respond to new industries ▲and preparing countermeasures in response to increasing social demands for health and safety.

The budget input amounts to 267.77 billion KRW, including national funds, local funds, and private capital. The province plans to secure national funds annually and participate in Ministry of Industry competitions to realize the projects.

A provincial official stated, "The metal and chemical industries, which are high-carbon sectors, must transition to low carbon to support the realization of carbon neutrality by 2045 and sustainable development. The province will actively begin planning work to participate in government competitions and strive to commercialize the projects."

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