'Blockchain Utilization, Promotion of Busan Port Carbon Neutral Platform Construction Project'

Selected for Ministry of Trade, Industry and Energy's New Energy Industry Activation Support Project

Consortium Formed with Nuriplex and Others, Total Investment of Over 3.1 Billion Won

Busan City (Mayor Park Hyung-jun) has been selected as the final winner in the Ministry of Trade, Industry and Energy (Korea Energy Agency)'s '2023 Regional New Energy Industry Activation Support Project' contest, participating as a consortium with 'NuriPlex' and others, and will promote the 'Blockchain-based Busan Port Carbon Neutral Platform Construction Project.'

Detailed Implementation Plan for the 'Blockchain Utilization, Busan Port Carbon Neutral Platform Construction Project'.

The consortium consists of Busan City, NuriPlex, Busan City Gas, BNCE, and Dongyoung Clean Energy Cooperative.

The 'Busan Port Carbon Neutral Platform Construction Project' aims to establish an operational system that utilizes surplus renewable energy power for carbon neutrality at Busan Port and industrial facilities. The project includes ▲distributing eco-friendly renewable energy to Busan Port and industrial facilities ▲building a blockchain-based carbon emission trading management system to support 'Renewable Energy 100 (RE100)' ▲reducing power consumption and resolving stability issues through surplus power trading while creating added value.

This project will be carried out from June this year to December next year with a total budget of 3.072 billion KRW (768 million KRW each from national and city funds, and 1.536 billion KRW from the private sector).

The city expects that upon completion, the project will increase the supply of renewable energy power within Busan and serve as a stepping stone to enhance Busan's carbon neutrality competitiveness through surplus power and carbon emission trading.

Lee Kyung-deok, Director of the Future Industry Bureau of Busan City, stated, "We will lead carbon neutrality in the Busan region by utilizing surplus power, not only increasing Busan's competitiveness but also continuously promoting the project so that the carbon neutrality business model can expand domestically and internationally."

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