South Korea's GS Caltex Corp. will launch a carbon capture and utilization (CCU) project in collaboration with South Jeolla Province and Yeosu City in the Yeosu National Industrial Complex, where it operates oil refining and petrochemical plants.
GS Caltex plans to capture carbon dioxide emitted from the plants within the industrial complex and use it to produce chemical products, which will then be exported.
The company said on Wednesday that it has signed a CCU megaproject agreement with the provincial and city governments on the prior day.
Under the agreement, GS Caltex will develop and demonstrate its CCU-related technology in the industrial complex in South Jeolla Province, one of the country's large petrochemical complexes.
GS Caltex's research center has already verified the technology and is preparing to test and demonstrate it.

Source: Kedglobal