Woori Technology - Dosiyujeon Participates in UN Climate Change Convention, 'Love Calls from Oil-Producing Country Officials and Others'

Woori Technology announced on the 22nd that its partner company Dosiyujeon will participate in the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change, aiming to expand overseas exports. The UAE, where COP28 will be held, is the world's 6th largest oil exporter and is located near many major oil-producing countries. Dosiyujeon plans to engage in supply negotiations with government officials and global companies from around the world attending the event.

At COP28, Dosiyujeon will demonstrate its proprietary crude oil refining technology and hold meetings with local buyers. By applying Dosiyujeon's technology, it is possible to produce not only naphtha, a raw material for petrochemical products, but also high-quality refined oil. In 2021, Dosiyujeon was recognized for its technological capabilities by refining fuel oil that exceeded the quality standards for kerosene and diesel in tests conducted through the Korea Petroleum Quality Management Institute.

Scheduled for the 30th of next month, COP28 is an international conference where representatives from 198 contracting parties' governments participate to cooperate and discuss global carbon reduction. Domestic large corporations will unveil carbon-neutral related technologies at COP28. Dosiyujeon will participate as a company possessing energy and environmental technologies.

Dosiyujeon will also showcase next-generation technology at COP28 that maximizes greenhouse gas reduction effects compared to conventional plastic pyrolysis methods. Dosiyujeon's technology applies a chemical decomposition process that does not require large-scale heating facilities and has the advantage of producing no by-products or harmful substances.

A Woori Technology official stated, “Dosiyujeon was selected to represent South Korea at the UN Framework Convention on Climate Change due to its differentiated technological capabilities and numerous overseas references, which received high evaluations in many aspects. It is expected that Dosiyujeon's overseas expansion will accelerate through this conference, and Woori Technology will continue to cooperate to support Dosiyujeon's overseas expansion.”

He added, “Since buyers from the Middle East, a region densely populated with oil-producing countries, and advanced countries with high interest in plastic decomposition are expected to attend, we also anticipate active discussions on additional equipment supply.”

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