MOTIE Backs Joint Introduction of Eco-Friendly Facilities in Industrial Complexes...Subsidies Up to 1 Billion Won

Promoting a 2.8 Billion Won GX Infrastructure Project
Expanding Eligibility to Include Company Councils and Associations

The Ministry of Trade, Industry and Energy announced on February 10 that it will promote the "Industrial Complex Eco-Friendly Facility Infrastructure Support Project," which supports the introduction of low-carbon, high-efficiency facilities jointly used by companies, in order to accelerate the green transition (GX) of industrial complexes.

The project size is 2.8 billion won, and the ministry plans to recruit eligible companies until March 31 and provide subsidies of up to 1 billion won to each selected company.

Due to the spatial characteristics of industrial complexes, where many companies are clustered together, they are structurally well suited for the joint use of facilities. Accordingly, when individual companies replace their separately operated outdated facilities with the latest facilities that can be jointly used, they can reduce investment costs while also lowering carbon emissions. Since 2018, the ministry has continuously supported the establishment of jointly used facilities within industrial complexes, such as waste heat recovery systems and waste cutting oil recovery and refining infrastructure.

In particular, starting this year, the scope of support has been expanded from being centered mainly on multiple demand companies to also include "company councils" and "associations" within industrial complexes. When associations and company councils that have been operating shared infrastructure introduce or replace air compressors, waste heat recovery facilities, or high-efficiency boilers, a larger number of tenant companies are expected to be able to reduce the burden of facility investment and operation. The ministry explained that this will enable both energy cost savings and carbon reduction effects.

Up to 60% of the project cost will be covered by the national budget, and if there are many beneficiary companies jointly using the facilities and the carbon reduction effect is significant, the support amount will be substantially increased to a maximum of 1 billion won. This represents a significant expansion compared with the previous year's maximum support limit of 400 million won.

Detailed information on the project announcement can be found on the websites of the Ministry of Trade, Industry and Energy and Korea Industrial Complex Corporation, and companies wishing to apply for support should submit their applications through the integrated subsidy portal "e-Naerodoum." Through this project, the ministry plans to enhance energy efficiency within industrial complexes, expand the foundation for carbon reduction, and accelerate the transition to an eco-friendly industrial ecosystem.

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