Western Power and SK Gas Sign Agreement for Eco-Friendly Energy Management

Maximizing Resource Value and Expanding Carbon-Neutral Ecosystem Using Power Plant Seawater

Korea Western Power and SK Gas signed an "Eco-friendly Energy Management Business Agreement" on the 27th at the SK Gas headquarters in Seongnam, Gyeonggi Province. The photo shows a commemorative photo of attendees, including Lee Jungbok, President of Western Power (fifth from the left), and Yoon Byungseok, CEO of SK Gas (fourth from the left). Photo by Western Power

Korea Western Power and SK Gas are strategically cooperating to achieve the government's carbon neutrality goals and ensure a smooth energy transition.

According to Korea Western Power on the 27th, the two companies signed a "Green Energy Management Business Agreement" at the SK Gas headquarters in Seongnam, Gyeonggi Province, on this day.

The core of the agreement is to promote a heat supply project utilizing seawater from power plants.

The collaboration focuses on using seawater generated during the gas turbine power generation process to raise the temperature of liquefied petroleum gas (LPG), which is transported at ultra-low temperatures below minus 40 degrees Celsius, to the appropriate storage temperature of above 5 degrees Celsius.

Specifically, Korea Western Power will provide the business site for installing new equipment such as pumps and switchboards for seawater supply at the power plant and will be responsible for operating the seawater supply facilities.

SK Gas will carry out the basic design of the seawater supply facilities and establish facilities for utilizing seawater to heat the liquefied petroleum gas.

The two companies will also cooperate in developing state-of-the-art gas turbine business and combined cycle power plant operation technologies.

Korea Western Power aims to generate new revenue by utilizing power plant resources, while SK Gas plans to reduce not only costs but also carbon emissions by up to 90% by decreasing fossil fuel use in the LPG process.

This collaboration is expected to serve as an important foundation for realizing the government's "Carbon Neutrality 2050 Vision."

The two companies plan to combine their resources and technological capabilities to strengthen the competitiveness of the national energy market and take the lead in creating social value through eco-friendly management.

Yoon Byungseok, CEO of SK Gas, said, "We are expanding our business areas beyond our core LPG supply to include hydrogen production and distribution, as demonstrated by the recent completion of a combined cycle power plant that uses both liquefied natural gas and LPG. We will accelerate green energy innovation through cooperation with Korea Western Power."

Lee Jeongbok, CEO of Korea Western Power, explained, "Energy projects utilizing power plant seawater are an important starting point for maximizing resource value and expanding the carbon-neutral ecosystem. This collaboration will become a model case for national energy transition and the realization of eco-friendly management."

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