13.07.2010 • News

South Korea to Invest $2 Billion in Carbon Capture by 2019

The South Korean government said in a statement on Monday that the country's total public and private investment in carbon capture and sequestration would reach an estimated 2.3 trillion won ($1.92 billion) to 2019. Of the total, public sector investment would account for 1.2 trillion won, it said in a statement.

A government official said Korea Electric Power Corp (KEPCO) was currently leading local investment. The state-run utility said last September it would spend 2.8 trillion won to develop environment-friendly technology including carbon capture and storage by 2020.

South Korea, the OECD's fastest-growing carbon polluter and the world's No.5 oil importer, a year ago vowed to invest 107 trillion won, or 2% of its annual GDP, in environment-related industries over five years staring from 2009.

Interview

Building Green Practices Across the Chemical Supply Chain

Driving Sustainability Through Collaboration

Together for Sustainability (TfS) is a pioneering, member-led initiative working to accelerate sustainable and resilient chemical supply chains. TfS President Jennifer Jewson discusses the origins of TfS, its evolving goals, its present-day challenges, and the initiative’s enduring impact and outlook for the future.

Innovation Pitch

Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.