South Korean Steelmakers Seek Emission Reduction Technologies
Post on: 2011-11-02 By: admin
The spending plan, drafted by local steelmakers and
research institutes, aims to cut emissions in the industry by 30
percent by 2020, the Ministry of Knowledge Economy said in an e-
mailed statement today. The government will contribute 112
billion won of the proposed expenditure, the ministry said.
South Korea said in November 2009 that the country plans to
voluntarily cut emissions by 30 percent from estimated 2020
levels, or 4 percent below its 2005 emissions. The steel
industry accounted for about 12 percent of the nation’s total
emissions in 2007, or 75 million metric tons, the biggest
contributor among industries, the ministry said.
Companies are seeking technologies that can reduce the use
of coal during steelmaking, the ministry said. Reduced coal
consumption may also help steel producers cut costs, according
to the statement.
To contact the reporter on this story:
Sungwoo Park in Seoul at
spark47@bloomberg.net
To contact the editor responsible for this story:
Richard Dobson at
rdobson4@bloomberg.net.
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Article original from: http://www.bloomberg.com/news/2011-11-01/south-korean-steelmakers-seek-emission-reduction-technologies.html
