Korea East-West Power Co. (EWP) held a ceremony to dedicate the nation’s first-ever plant to capture CO2 from LNG-fueled power plants at Ulsan Power Complex in Nam-gu, Ulsan, on April 29.
Among those on hand at the event were senior officials from EWP, Ulsan Metropolitan City, Korea Institute of Energy Technology Evaluation and Planning (KETEP), Korea Electric Power Corp., KEPCO E&C and Hyundai Heavy Industries Power System.
The carbon capture plant was launched in 2021 as an energy technology development project spearheaded by KETEP, which was under the umbrella of the Ministry of Trade, Industry and Energy (MOTIE).
KEPCO Power Research Institute is in charge of development and 10 institutions, including EWP, four other power companies, KEPCO E&C, and Hyundai Heavy Industries Power System, have joined forces.
A web carbon capture technology, applying to the plant, captures and removes only CO2 among exhaust gases from power plants. It is the first case in Korea that the technology has been applied to an LNG-fueled power plant, emitting one-third of the CO2 that coal-fired power plants discharge.
EWP launched a trial run of the carbon capture plant in November 2024.
A verification run connecting carbon capture, compression and liquefication is getting underway.
The operation of the carbon capture plant is to capture more than 3,000 tons of carbon annually.
Carbon with a 99.9 percent purity being captured by the plant will be supplied to regional neighborhood industrial companies, and part of it will be given to a CCU R&D verification facility project in which EWP is also participating, thus contributing to carbon upcycling and creating added values.
Doh Soon-gu, head of the Future Business Division at EWP said, “The dedication of the carbon capture plant is a watershed of realizing a sustainable energy transition beyond a stable energy supply, and EWP will spearhead no carbon, and eco-friendly power generation based on it.”
EWP Declares ‘Energy Innovation Leadership Vision’ on 24th Anniversary
Korea East-West Power Co. (EWP) celebrating the 24th anniversary, held a ceremony to declare a new vision of becoming an eco-friendly energy company by leading energy innovation at EWP headquarters in Jung-gu, Ulsan, on April 2.
EWP declared the 2040 mid- and long-term management strategy to cope with changing government energy policies, such as the 11th power supply master plan, the opening of the clean hydrogen power generation bidding market and the enactment of a special act on the invigorating of distributed energy resources.
The 2040 mid- and long-term management strategy, designed to ensure a stable supply of the nation’s energy needs, calls for EWP’s pursuit of no-carbon energy-oriented paradigm shift and expanding of future businesses.
To this end, EWP has set 10 management goals in the business, power generation and safety sectors, such as generating 17TWh of no-carbon and low-carbon power, the portion of renewal energies to 44 percent, a 99.99 percent degree in facility reliability and zeroing serious industrial disasters.
The anniversary event, which coincided with the 2040 vision declaration ceremony, was attended by some 200 people, including EWP President Kwon Myung-ho.
Participants were given the chance to watch a special video on a vision of becoming an eco-friendly energy company to lead energy innovation and magic performances.
In the end, executives built blocks with Korean letters meaning EWP’s vision, vowing to make a new leap forward.
Following the event, EWP held a ceremony to unveil the intermediate pressure turbine of Ulsan Power Plant Unit 6, the symbol of the historic outcome of industrial development and the growth of the Ulsan region’s economy.
The exhibit installation at Ulsan Power Headquarters is a turbine rotor, a key electronic device, that was terminated after supplying power for 41 years and one month from 1980.
The installation of the removed turbine is designed to not only celebrate the achievements of Ulsan Power Plant Units 4 to 6 and their historical meaning, but also to declare the power company’s determination of the successful implementation of future businesses.
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