SEOUL, June 28 (Korea Bizwire) — Hanwha Solutions Corp., a South Korean energy solutions company, will participate in a government project in tandem with Lotte Chemical Corp., a major petrochemical firm, to cut carbon emissions by recycling the waste heat at one of its plants.
Hanwha Solutions announced that it will create 1 million tons of hot water per year by recycling the waste heat generated at its factory in the southeastern city of Ulsan, with the hot water then supplied to Lotte Chemical’s plant in the same city.
Through this initiative, the two plants will be able to reduce 1,500 tons of carbon dioxide emissions per year, a volume equal to the annual emissions of 430 passenger cars.
Hanwha Solutions will provide Lotte Chemical with hot water at a temperature of 95 degrees Celsius produced by supplying the waste heat to a heat exchange.
Lotte Chemical will use this hot water as an energy source to operate its absorption refrigerating machine, which will contribute to saving electric energy.
An ‘energy circulation economic system’ model in which the cooled water will be warmed again using the waste heat will also be developed.
Kevin Lee (firstname.lastname@example.org)