Doosan Enerbility Lowers Greenhouse Gas Reduction Target by Additional 20%

Strengthening Sustainable Green Management of Four Major Projects
Chairman Park Jiwon Accelerates Energy Business Restructuring

Park Ji-won, Chairman of Doosan Enerbility

[Asia Economy Reporter Oh Hyung-gil] Doosan Enerbility has set its greenhouse gas emissions target for 2030 at 208,000 tons. This is an ambitious goal to reduce emissions by 19.4% compared to the 258,000 tons emitted in 2017. The company has set a more aggressive target than the 220,000 tons emission plan proposed two years ago in 2020, aiming to strengthen its response to climate change.

Doosan Enerbility, which changed its name earlier this year to reflect its pursuit of sustainability through energy technology, is rapidly transforming. Chairman Park Ji-won of Doosan Enerbility has declared the advancement of sustainable management, lowering the greenhouse gas reduction targets further and accelerating the restructuring of its business system toward eco-friendly energy projects.

According to Doosan Enerbility on the 1st, the company recently reestablished its greenhouse gas reduction targets to strengthen its response to climate change. This is interpreted as an effort to expand sustainable management emphasized by Chairman Park Ji-won since his inauguration.

The company has set the ultimate goal of achieving 'net zero by 2050' by promoting energy efficiency improvement projects at business sites, expanding the use of renewable energy, reduction projects, and applying new technologies. To this end, the Green Energy Management System (GEMS), which monitors greenhouse gas emissions in real-time based on energy usage monthly by each department including headquarters and the Changwon plant, is currently in operation.

Furthermore, Doosan Enerbility is focusing on transforming its core businesses?power EPC (engineering, procurement, and construction), power equipment, and nuclear power projects?into eco-friendly energy businesses. By fostering the so-called four major growth businesses?gas turbines, renewables, hydrogen, and next-generation nuclear power?the company plans to increase the order ratio of growth businesses to 62% by 2026. This year, the order ratio for the four industries is 37%, with a strategy to nearly double performance within four years.

The large gas turbine for power generation, developed for the first time in Korea, is currently being installed at the Gimpo Combined Heat and Power Plant. The goal is to convert it into a hydrogen turbine operating on hydrogen by 2027.

[Image source=Yonhap News]

Regarding renewable energy, the company is focusing on the offshore wind power sector. To date, it has supplied 97 wind turbines nationwide, including Jeju Island, with a total capacity of about 340MW, and is constructing a 100MW offshore wind farm in the Hallim area of Jeju. In line with the trend toward larger turbines, a prototype of an 8MW wind turbine model will be completed and commercialized within this year.

In the hydrogen and next-generation nuclear power sectors, the company is fostering an ecosystem based on its accumulated power generation business know-how. It is developing hydrogen combustion, co-firing, and ammonia co-firing technologies in conjunction with the gas turbine sector, and is reviewing ways to secure clean hydrogen by participating in the import business of clean hydrogen in the form of ammonia.

Based on a strategic partnership with NuScale, a U.S. small modular reactor (SMR) company, Doosan Enerbility will begin manufacturing NuScale Power Modules (NPM) next year for the initial SMR project to be constructed at the UAMPS site in Idaho, USA, scheduled for completion in 2029.

Chairman Park has emphasized the company's re-leap into eco-friendly energy business by embedding the meaning of sustainability into the company name.

In the recently released sustainability report, Chairman Park stated, "With the energy technology created by Doosan Enerbility, human life will become more enriched, and the Earth will become cleaner. We have expressed our commitment to practicing sustainable management," adding, "We will make a new leap forward as a company leading the eco-friendly energy market."

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