GS Caltex Strengthens Power Generation and Fuel Facility Technology Cooperation with Korea South-East Power

Optimization of Gas Turbine Operation for Self-Generation in Yeosu
Full-Scale Cooperation on Hydrogen Systems Begins... Responding to Carbon Neutrality
Building a Public-Private Partnership to Accelerate Structural Transformation

GS Caltex is partnering with Korea South-East Power to advance self-generation facilities and hydrogen system operation technologies. Amidst carbon neutrality policies and the ongoing energy transition, collaboration between the refining and power generation sectors is being strengthened.

On September 30, GS Caltex announced that it had signed a "Memorandum of Understanding (MOU) for the Exchange of Power Generation Facilities and Carbon Neutrality Technologies" with Korea South-East Power at its Yeosu Plant in South Jeolla Province. The event was attended by Jin Gisub, Head of Facilities at GS Caltex, and Lee Youngjae, Director of Power Generation at Korea South-East Power. Through this agreement, GS Caltex will share its "gas turbine operation optimization technology," a core component of its self-generation facilities at the Yeosu Plant, with Korea South-East Power.

Jin Gisub, Head of Facilities at GS Caltex (left), and Lee Youngjae, Director of Power Generation at Korea South-East Power, are taking a commemorative photo at the signing ceremony of the "Power Generation-Fuel Facilities Technology Exchange Memorandum of Understanding" on the 30th at the GS Caltex Yeosu Plant. GS Caltex

The self-generation facilities use liquefied natural gas (LNG) as fuel, which results in relatively lower carbon emissions. Korea South-East Power owns the largest number of gas turbines among domestic power generation public enterprises. By sharing its operational management expertise with GS Caltex, both companies aim to create greater synergy.

The two companies will also begin full-scale cooperation on system operation and facility management technologies related to hydrogen production and consumption. Korea South-East Power is considering, in the long term, a "hydrogen co-firing" method that mixes LNG and hydrogen for power generation, in line with the government's carbon neutrality policy.

In July, GS Caltex held the "1st Gas Turbine Technology Exchange Meeting" with its group’s power generation affiliates and now plans to expand this cooperative network to include Korea South-East Power.

Jin Gisub, Head of Facilities, stated, "Through this technology exchange with Korea South-East Power, we will solidify our foundation for carbon reduction." Lee Youngjae, Director of Power Generation, commented, "Through the exchange of power generation facility and hydrogen process technologies, both companies will grow together."

Under its "Deep Transformation" strategy, GS Caltex is simultaneously pursuing the low-carbon transition of its existing refining and chemical businesses and expanding new businesses, aiming to become a "low-carbon refining and chemical complex."

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