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Update on South Korea – July 2021 Written by David Perilli, Global Cement 21 July 2021 There has been a significant investment in the South Korean cement industry this week with the news that Hanil Hyundai Cement has ordered a steam-based waste heat recovery (WHR) system from Japan-based Kawasaki Heavy Industries. The 22.6MW system will be used on two of the production lines at the Yeongwol plant in Gangwon Province. The supplier says that installation is expected to generate about 30% of the energy the plant needs and save around 10,000t/yr of CO 2 in the process. Delivery is scheduled for late 2022. This order may be the first investment following the announcement in late June 2021 that the state-owned Korea Development Bank had pledged around US$870m towards supporting the cement sector in making carbon reduction upgrades by 2025. These are intended to include moving away from burning fossil fuels in cement production a

United statesKangwon doSouth koreaKyonggi doSouth koreanInternational monetary fundKorea cement associationEuropean unionKorea development bankKawasaki heavy industriesFederation of korean industriesHanil hyundai cementJapan based kawasaki heavyKorea cementKorean industriesMinister moon jae in