Kumho Petrochemical Breaks Ground on Carbon Dioxide Capture and Liquefaction Plant... First Step in CCUS Business

From the left in the photo, Kang Jae-hwa, CEO of Hyundai Heavy Industries Power Systems; Jang Kap-jong, CEO of K&NH Special Gas; Seo Jeong-chan, CEO of Korea Environment Corporation; and Han Seung-moon, CEO of Korea Special Gas, are taking a commemorative photo at the groundbreaking ceremony of the carbon dioxide capture and liquefaction plant. Photo by Kumho Petrochemical

Kumho Petrochemical announced on the 3rd that it held a groundbreaking ceremony for the carbon dioxide capture and liquefaction plant, a core facility of the Carbon Capture, Utilization, and Storage (CCUS) project, at the Yeosu 2nd Energy Plant in Jeollanam-do on the 1st.

Kumho Petrochemical explained that once the plant is completed in early 2025, a process will be established to selectively capture carbon dioxide from the exhaust gases generated during the steam and electricity production processes of Kumho Petrochemical's combined heat and power plant, then convert it into liquefied carbon dioxide and reproduce it as carbonic acid through the liquefaction process.

Previously, Kumho Petrochemical prepared for this project by signing a Memorandum of Understanding (MOU) for business cooperation with Korea Specialty Gas in July last year, followed by joint investment agreements, and established the joint venture K& H Specialty Gas for liquefied carbon dioxide production and sales in September this year.

Kumho Petrochemical expects to capture and reuse approximately 69,000 tons of carbon dioxide annually at the Yeosu plant. This is equivalent to the effect of planting about 27,000 new trees each year.

Baek Jong-hoon, CEO of Kumho Petrochemical, stated, "We will continuously develop technologies to convert captured carbon dioxide into other high value-added carbon compounds to practice carbon neutrality while seeking new opportunities related to new growth engines."

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