Orion Selected as a Target Site for the Ministry of Environment's 'Carbon Neutral Facility Support Project'

[Asia Economy Reporter Eunmo Koo] Orion announced on the 16th that its Iksan plant has been selected as a target site for the 2022 'Carbon Neutral Facility Support Project' organized by the Ministry of Environment and the Korea Environment Corporation.

The Carbon Neutral Facility Support Project is a government initiative that supports installation costs for facilities that can contribute to greenhouse gas reduction, targeting companies allocated under the greenhouse gas emissions trading system. Based on the know-how accumulated from its ongoing greenhouse gas reduction activities, Orion's Iksan plant established concrete plans for process improvement and the introduction of high-efficiency facilities, gaining recognition for its effectiveness and being selected as a target site. Accordingly, by December this year, 50% of the investment amount for building carbon-neutral facilities will be supported by the Korea Environment Corporation.

Orion's Iksan plant plans to build a hot water production facility utilizing high-temperature exhaust heat generated from mixers and ovens, and replace existing air compressors with high-efficiency air compressors to reduce energy consumption. Through this, it is expected to reduce greenhouse gas emissions by approximately 540 tons annually.

An Orion official stated, "Having been recognized for the greenhouse gas reduction achievements steadily implemented over several years, we were selected for support projects organized by the Ministry of Environment following last year's selection by the Ministry of Agriculture, Food and Rural Affairs. We will continue to identify and implement improvement measures for practical greenhouse gas reduction while maintaining eco-friendly activities linked to ethical management."

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