Cement Industry Promotes Collaborative Projects with Local Governments to Achieve Carbon Neutrality

The Korea Cement Association is holding the 'Business Agreement Ceremony for Joint Cooperation Projects to Achieve Carbon Neutrality in the Cement Industry.' Key attendees at the ceremony. From the left: Choi Moon-soon, Governor of Gangwon Province (also Chairman of Gangwon Technopark); Lee Hyun-jun, Chairman of the Korea Cement Association (currently CEO of Ssangyong C&E); Lee Jong-seok, CEO of Sampyo Cement Co., Ltd.; Lim Kyung-tae, CEO of Asia Cement Co., Ltd. and Halla Cement Co., Ltd.; Jeon Geun-sik, CEO of Hanil Hyundai Cement Co., Ltd.; Kim Sung-in, Director of Gangwon Technopark.
[Photo by Korea Cement Association]

[Asia Economy Reporter Kim Jong-hwa] The cement industry has decided to actively cooperate with local governments to achieve 'carbon neutrality by 2050.'

The cement industry and local governments plan to broaden mutual cooperation in new projects and policy task joint development, information, technology, and human exchange to reduce greenhouse gas emissions, while also exploring long-term plans to foster the cement industry.

The Korea Cement Association, which includes major domestic cement companies as members, held a signing ceremony for the 'Joint Cooperation Project for Realizing Carbon Neutrality in the Cement Industry' Memorandum of Understanding (MOU) on the 11th at a small conference room in Gangwon Provincial Office. Attendees included CEOs from four Gangwon-based companies?Sampyo, Ssangyong C&E, Hanil Hyundai, and Halla?as well as Gangwon Governor Choi Moon-soon, Kim Sung-in, Director of Gangwon Technopark, and about ten others.

Under this agreement, the four companies in Gangwon will be responsible for proposing technologies and policies related to carbon neutrality, reviewing suitability, and participating in projects; Gangwon Province will provide administrative and financial support; and Gangwon Technopark will be in charge of organizing and operating the working-level consultative body.

Additionally, the four cement companies and Gangwon Province will each invest 100 million KRW, totaling 200 million KRW in project funds, to jointly promote this year's 'Pilot Project to Accelerate Response to Carbon Neutrality in the Cement Industry' with Gangwon Technopark. The project will identify bridge technologies and businesses such as raw and fuel substitution technologies that can be commercialized in the short term, as well as carbon dioxide capture and utilization, and will begin feasibility analysis from technological and economic perspectives.

A representative from the Cement Association stated, "There has been a consensus on participating in differentiated carbon neutrality projects to support greenhouse gas reduction in the Gangwon region," adding, "We will contribute to achieving the carbon neutrality goals of the cement industry."

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