Hansol Paper and Airrain Sign 'CCUS Technology Business Agreement'

Hansol Paper's Environmental Business Division announced on the 19th that it has signed a business agreement with Airrain, a specialist in gas separation membranes, regarding the 'Carbon Capture Utilization and Storage (CCUS) project for waste incinerator flue gas.'

CCUS stands for 'Carbon Capture Utilization and Storage,' a technology that separately captures carbon dioxide generated from steel, cement, petrochemicals, waste, and other sources for utilization or storage.

(From left) Seong Hyeon-je, Head of Research Institute, Environmental Business Division at Hansol Paper, Kim Beom-jun, Head of Environmental Business Division, Ha Seong-yong, CEO of Airrain, and Lee Chung-seop, Head of System Business Division, are taking a commemorative photo at the business agreement ceremony. Photo by Hansol Paper

Through this agreement, Hansol Paper's Environmental Business Division plans to promote ▲demonstration of carbon dioxide capture technology for waste incinerator flue gas ▲introduction of CCUS technology at Hansol Paper's Daejeon plant waste incinerator ▲development of an EPC (Engineering, Procurement, and Construction) business model applying CCUS technology, including plant construction services covering design, materials, procurement, and construction.

In particular, by applying CCUS technology to the incinerator at Hansol Paper's Daejeon plant, the primary project goal is to reduce the current annual carbon dioxide emissions of approximately 178,000 tons to 67,000 tons.

Meanwhile, CCUS technology is gaining global attention as an immediate method to reduce carbon emissions, and South Korea faces the challenge of reducing 11.2 million tons to achieve its 2030 Nationally Determined Contribution (NDC) for greenhouse gas reduction.

Hansol Paper's Environmental Business Division operates EPC and development projects in various fields, including incineration and power plants, complex environmental plants, and overseas public infrastructure projects.

Airrain is a company that has localized gas separation membrane technology and possesses global-level commercial technology across the entire spectrum of gas separation membranes, from material design and procurement to membrane module production, system design, manufacturing, and operation management.

Kim Beom-jun, head of Hansol Paper's Environmental Business Division, stated, “We plan to secure differentiated technology in the market through CCUS technology using gas separation membranes,” adding, “We will establish a leading position in the CCUS market through cooperation with Airrain.”

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