Gwangyang-si Selected for 'Carbon Neutral Transition Recycling Technology Demonstration Support Center' Competition

Secured Total Project Cost of 24.65 Billion KRW Including 15 Billion KRW National Road Subsidy -

South Korea's Only Public Comprehensive Testing and Certification Agency KTL Takes Initiative to Establish Future Industrial City Foundation

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik] Gwangyang City in Jeonnam announced that it has been finally selected for the "Industrial Process By-product* Carbon Neutral Conversion Recycling Technology Demonstration Support Center Construction Project" announced by the Ministry of Trade, Industry and Energy (Korea Institute for Advancement of Technology).

The project involves investing a total project cost of 24.65 billion KRW (including 15 billion KRW of national and provincial funds) in the Gwangyang Iksin General Industrial Complex to establish a center that supports the entire cycle of technology from corporate R&D to productization, evaluation, and certification, enabling the recycling of industrial process by-products.

The lead research and development institution is the Korea Testing Laboratory (KTL), a subsidiary of the Ministry of Trade, Industry and Energy, and joint research and development institutions include the Korea Institute of Geoscience and Mineral Resources, Korea Resource Circulation Industry Promotion Association, Jeonnam Technopark, and Korea Polytechnic University.

The lead institution KTL plans to establish a specialized carbon neutral support organization in Gwangyang in connection with this project, aiming to lead the carbon neutral conversion projects of the domestic steel and petrochemical industries as well as the Gwangyang Bay area.

Cho Sunmi, Director of Strategic Policy, said, "Once the center is established through this project, it will greatly contribute not only to securing resource recycling and self-reliance technologies but also to realizing carbon neutrality," adding, "We expect it to be a cornerstone for laying the foundation of Gwangyang City's carbon-neutral clean future industrial city."

Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik hss79@asiae.co.kr

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