SEOUL, June 17 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, is pushing forward with efforts to develop carbon dioxide capture technology, which is emerging as a core technology in the realization of carbon neutral goals.
On Wednesday, the company signed a partnership agreement with the state-run Korea Institute of Energy Research and local electronic components manufacturer CETEK Co. to launch the research on the advancement, empirical testing and commercialization of related technologies.
Together with these partners, SK E&S decided to pursue the localization of carbon capture and storage (CCS) technology, which refers to methods that can enhance the eco-friendliness of liquefied natural gas (LNG)-fired power generation.
It also plans to integrate the CCS technology with carbon capture, utilization and storage (CCUS) technology, which focuses on capturing and using carbon dioxide for industrial purposes or transforming it into a high value added product.
SK E&S intends to support the advancement of wet-type technology that particularly suited to massive carbon dioxide capture.
Carbon dioxide capture is a core technology not only for helping Korea achieve its 2050 net zero target but also for enabling the reduction of greenhouse gases, industry officials said.
M. H. Lee (firstname.lastname@example.org)