On the 6th, Business Agreement for CCU Mega Project Promotion at Jeonnam Provincial Office
GS Caltex is collaborating with Jeollanam-do and Yeosu City on a CCU (Carbon Capture and Utilization) project centered around the Yeosu Industrial Complex.
On the 6th, GS Caltex held a 'Carbon Capture Utilization Mega Project Promotion Business Agreement' signing ceremony at the Jeollanam-do Provincial Office in Muan-gun, Jeollanam-do, attended by key figures including Huh Se-hong, President of GS Caltex, Kim Young-rok, Governor of Jeollanam-do, and Jung Ki-myung, Mayor of Yeosu.
CCU is a technology that captures carbon dioxide emitted from business sites and produces various high value-added carbon compounds such as fuels and chemicals through chemical and biological conversion, mineralization, and other techniques.
Through this business agreement, Jeollanam-do and Yeosu City will support the creation and foundation of an industrial ecosystem for carbon neutrality in the Jeonnam region using CCU technology. GS Caltex plans to strive to secure process technologies such as the development of carbon dioxide raw materials and fuel materials through the promotion of CCU demonstration projects.
Jeollanam-do is actively working on efforts to reduce carbon emissions in local industries, including the establishment of CCU R&D (research and development) infrastructure. In particular, Yeosu, composed of national industrial complexes such as steel, petrochemical, and refining industries, is a region rich in industrial by-products for carbon dioxide utilization, making it an area expected to generate synergy effects for CCU demonstration projects.
As part of its response to climate change and measures to reduce environmental impact, GS Caltex has continuously managed greenhouse gas emissions and sought opportunities for carbon reduction. Recently, to reduce carbon emissions, it conducted CCU technology research and succeeded in developing a polyol containing carbon dioxide, for which it has also filed a patent.
The developed carbon dioxide polyol is known to have about 30% higher hardness than existing products, as well as superior water resistance and light resistance that prevents yellowing compared to existing products.
Under this agreement, GS Caltex will focus on chemical conversion technology research and conduct CCU-related technology development and demonstration at the Yeosu Industrial Complex. It has completed laboratory-level verification at its technology research center and is preparing for pilot verification and demonstration stages.
Huh Se-hong, President of GS Caltex, said, "Through the CCU demonstration project based on this agreement with local governments, we expect to secure global-level CCU process technology and expand our product portfolio. We will strive to produce and export e-fuels, e-SAF (sustainable aviation fuel), and e-chemical products, and present new business models and visions that enable the Yeosu Industrial Complex to continuously grow as a CCU cluster."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
