Kumho Petrochemical to Convert All Company Vehicles to Eco-Friendly Zero-Emission Cars by 2030

Participation in the Ministry of Environment's 'Korean-Style Zero-Emission Vehicle Transition 100'
Park Chan-gu "Will Continue Genuine ESG Activities"

Park Chan-gu, Chairman of Kumho Petrochemical Group. Photo by Kumho Petrochemical Group

[Asia Economy Reporter Choi Seoyoon] Kumho Petrochemical announced on the 17th that it will convert all business vehicles at all its sites to eco-friendly zero-emission vehicles by 2030.

According to Kumho Petrochemical, the transition to eco-friendly vehicles gained momentum after receiving approval last month from the Ministry of Environment to join the "Korean Zero-Emission Vehicle Transition 100" (hereinafter "K-EV100"). Kumho Petrochemical had previously applied to join K-EV100 in July.

The K-EV100 project, organized by the Ministry of Environment and the Korea Automobile Environmental Association, is a collaborative program aimed at improving air quality and achieving carbon neutrality in the transportation sector by converting all vehicles owned or leased by companies to zero-emission vehicles by 2030. The initiative intends to increase the proportion of zero-emission vehicles such as electric and hydrogen vehicles among corporate fleets, enabling companies' business activities to naturally contribute to the reduction of greenhouse gases and air pollutants.

Since 2020, Kumho Petrochemical has proactively prepared for the transition to eco-friendly vehicles by piloting hydrogen fuel cell vehicles for business use at its Ulsan plant.

Kumho Petrochemical's ESG Committee plans to expand zero-emission vehicles and charging infrastructure across all its sites, aiming to operate approximately 60 zero-emission business vehicles at all sites by 2030, alongside its declaration to join K-EV100.

Park Chan-gu, Chairman of Kumho Petrochemical Group, said, "We consider our participation in K-EV100 for achieving carbon neutrality goals very meaningful, and Kumho Petrochemical Group will continue sincere ESG activities."

Baek Jong-hoon, CEO of Kumho Petrochemical, also stated, "Along with this K-EV100 declaration, all our sites will unite to focus capabilities on executing strategies to accelerate carbon emission reduction through clean energy transition."

Meanwhile, Kumho Petrochemical announced its carbon-neutral growth plan earlier this year. It aims to make 2035?the year when annual carbon emission reductions are expected to exceed emission increases?the new starting point for carbon-neutral growth, and is striving to achieve ultimate carbon-neutral growth by 2050.

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