Yeosu Industrial Complex Selected for 'Energy Self-Sufficiency Infrastructure Construction' Contest

Published 26 Apr.2023 14:32(KST)

Securing 20 Billion Won in National Funds, Realizing a Low-Carbon Industrial Complex

An energy self-sufficiency infrastructure project worth around 40 billion KRW is being promoted in the Yeosu Industrial Complex in Jeollanam-do, which is expected to transform the Yeosu Industrial Complex into a low-carbon green industrial complex.

According to Yeosu City on the 26th, the Yeosu Industrial Complex was finally selected in the Ministry of Trade, Industry and Energy’s ‘Industrial Complex Energy Self-Sufficiency Infrastructure Construction’ contest, securing 20 billion KRW in national funding.

Yeosu Industrial Complex was finally selected in the Ministry of Trade, Industry and Energy's public contest for 'Establishment of Energy Self-Sufficiency Infrastructure in Industrial Complexes,' securing 20 billion KRW in national funding.
Photo by Yeosu City

Accordingly, the city will invest 40.3 billion KRW over three years starting this year in collaboration with Korea Electric Power Corporation to realize a low-carbon Yeosu Industrial Complex based on eco-friendly energy.

▲ Construction of solar power generation facilities and green hydrogen production facilities via water electrolysis ▲ Support for replacing high-efficiency energy equipment ▲ Establishment of a battery recycling ecosystem ▲ Construction of a carbon emissions trading and management platform ▲ Establishment of an integrated energy cloud platform ▲ Construction of a digital twin-based safety management system are planned.

Through this project, the Yeosu Industrial Complex is expected to reduce energy costs, increase energy self-sufficiency, strengthen industrial competitiveness, and contribute to achieving carbon neutrality by 2050 through carbon emissions reduction.

A city official said, “By transitioning to eco-friendly energy and improving energy efficiency in the petrochemical-centered Yeosu Industrial Complex, we expect to respond to global environmental regulations and secure corporate competitiveness, thereby creating new growth engines.”

Meanwhile, the Yeosu Industrial Complex was designated as a Smart Green Industrial Complex in 2020. Aiming to become a low-carbon digital safety industrial complex based on petrochemicals, projects such as the establishment of a process innovation simulation center, training of advanced smart manufacturing personnel, and construction of a digital environment and safety integrated control center are underway.