LS Cable & System Secures Carbon Dioxide Reduction Technology... "Accelerating ESG Management"

Technology Enhancing Carbon Capture Efficiency Aims to Reduce Emissions by 60%

Nam Gijun, Research Fellow at LS Cable & System Technology Research Institute (right), and Kim Taegyun, Director of Technology Planning at KEPCO, are taking a commemorative photo after signing the agreement. / Photo by LS Cable & System

[Asia Economy Reporter Kim Pyeonghwa] LS Cable & System announced on the 6th that it signed a 'carbon dioxide capture technology transfer' agreement with Korea Electric Power Corporation at the Kim Dae-jung Convention Center in Gwangju. This move aims to accelerate environmental, social, and governance (ESG) management by securing core technology to reduce carbon emissions.

Carbon dioxide capture technology refers to a method that efficiently captures acidic gases such as carbon dioxide generated during manufacturing processes. LS Cable & System plans to improve and optimize the secured technology to reduce direct carbon dioxide emissions by up to 60%. The goal is to reduce carbon dioxide generated during the cable manufacturing process, contribute to the government's carbon neutrality policy implementation, and establish a foundation for achieving RE100 (100% renewable energy usage).

LS Cable & System stated, “Carbon dioxide capture technology is an essential core technology for achieving carbon neutrality,” and added, “We will continue to reduce carbon emissions and expand the adoption of renewable energy to practice ESG management.”

Last year, LS Cable & System declared its commitment to join RE100, aiming to supply 100% of the electricity used at all business sites with renewable energy by 2050. The plan is to sequentially achieve RE100 at the Donghae site in 2024 and the Poland site in 2025, then expand the RE100 plan to all business sites.

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