Yongin City - High Technology Research Institute Sign Business Agreement for 'Region-Led Carbon Neutrality Realization'

Joint Promotion of Participation in Public Projects and Creation of Mini Hydrogen Cities

On the 16th, Yongin City in Gyeonggi Province announced that it has signed a 'Business Agreement for the Realization of Region-Led Carbon Neutrality' with the Institute of Advanced Engineering (IAE).

IAE is a private non-profit organization established in 1992 to collaboratively conduct research and development of industrial technology and the introduction and dissemination of advanced technologies. It has over 250 researchers and carries out about 100 research projects annually. It possesses various research achievements including plant engineering, hydrogen power generation, waste resource recycling technology, and bioresource circulation technology.

Last year, Yongin City formed a consortium with IAE and won the 'Mini Hydrogen City Creation Support' public contest hosted by Gyeonggi Province. Using the 5 billion KRW in provincial funds secured through the contest, the consortium plans to build a facility that produces hydrogen from biogas generated during the food waste treatment process at Yongin Eco Town, and also install a hydrogen co-firing power generation facility that mixes liquefied natural gas (LNG) and hydrogen for power generation.

Through this agreement, the two organizations have agreed to cooperate in participating in government public projects aimed at realizing carbon neutrality. In particular, IAE plans to support the city by jointly utilizing education, consulting, technology, personnel, and equipment necessary for the cooperative projects.

A Yongin City official stated, "We will actively promote cooperation on eco-friendly energy policies for realizing carbon neutrality together with the research institute."

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