Samcheok City’s "CCUS Promotion Center Establishment Project" Conditionally Passes Central Investment Review
Samcheok City in Gangwon Province announced on October 22 that the "CCUS (Carbon Capture, Utilization and Storage) Promotion Center Establishment Project," which was selected as a public offering project by the Ministry of Trade, Industry and Energy, conditionally passed the central investment review by the Ministry of the Interior and Safety on October 20.
The CCUS (Carbon Capture, Utilization and Storage) industry involves capturing carbon dioxide and either utilizing or storing it to reduce carbon emissions into the atmosphere. It is considered a key sector for achieving the government's goal of carbon neutrality. Major advanced countries such as the United States and those in Europe are also actively pursuing various policies to foster this industry.
This project is scheduled to be carried out over three years, from 2025 to 2027, and will establish a carbon dioxide quality assessment system, liquefaction, purification, and compression facilities, as well as flow stability evaluation equipment. In addition, the project will build a platform for calculating CO₂ reduction, provide customized technical support for companies, and establish testing and certification systems, creating an infrastructure to support the entire carbon reduction industry cycle.
A city official stated, "We plan to adjust the project budget, including construction costs, based on the results of the central investment review, and submit a revised budget plan reflecting the detailed design results in 2026."
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Park Sangsoo, Mayor of Samcheok, said, "With the central fiscal investment review passed, we will promptly push forward with the project to strengthen the foundation for new growth industries in the region and revitalize the stagnant local economy. I would also like to thank National Assemblyman Lee Cheolgyu for his significant support during the public offering process."
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