The South Korea Waste Energy Co-Generation Project - Carbonfund.org

The South Korea Waste Energy
Co-Generation Project

  • Location: South Korea
  • Project type: Energy Efficiency
  • Standard: Verified Carbon Standard
  • Verification/Validation: First Environment, Inc.

Environmental Benefits

  • Mitigate climate change
  • Reduce importation of fossil fuels
  • Reduce environmental pollution and meets South Korea environmental policies

Community Benefits

  • Development of new technologies and additional jobs created
  • Reduce environmental pollution and meets South Korea environmental policies

Project Description

The Waste Energy Recovery Co-Generation Project is the first ever Verified Carbon Standard project in South Korea and consists of a 400 megawatt co-generation plant at Hyundai Steel. The Project essentially utilizes surplus waste gases to generate electricity and steam. In fact, the Project generates nearly three million megawatt hours of electricity and more than one million tons of steam to be used by both the plant and the local electric grid.

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