Green Management Vision and Action Plans
|VISION 2030 Becoming an Eco-Friendly Company Leading the Better Life of Humanity|
|Strategies||20.5% of emissions reduction by 2030 compared to BAU||Market discovery and business expansion through green technology development||Facilitating eco-friendly corporate culture by establishing green infrastructure at Hyosung||Increasing stakeholder trust through transparent information disclosure|
* Sustainable Development Mechanism under the Paris Agreement
** Carbon Disclosure Project
Blue sky, warm sunshine, clean water, cool breezes... Our lives become healthier and richer with the benefits of nature. Hyosung Heavy Industries is committed to protecting and preserving our precious natural environment with a sense of responsibility. Hyosung Heavy Industries actively contributes to building a cleaner environment for all through environmental preservation activities such as reducing the CO2 and wastewater generated from our production facilities. Furthermore, we also actively develop resources and recycling and energy reduction technologies, and actively engage ourselves in projects involving the use of new energy sources.
We promise to take the lead in environmental protection by reducing CO2 and protecting the natural environment.
Voluntary Greenhouse Gas Reduction Activities
Hyosung Heavy Industries are carrying out greenhouse gas reduction activities at each of our production facilities to reduce greenhouse-gas-induced environmental damage and observe the Korean government’s Framework Act on Low Carbon, Green Growth. We have signed a voluntary agreement to reduce greenhouse gas emissions with the Korea Energy Management Corporation and is fulfilling the agreement at our various locations including the Ulsan, Gumi, and Yongyeon locations. In addition, we are also constantly carrying out environmental activities such as adopting eco-friendly facilities and eco-friendly fuels. As a result, we have already achieved an annual reduction of 30,000 tons of CO2 at our Ulsan and Yongyeon plants alone, and our other production facilities are also amassing CO2 reduction track records. Through these activities, Hyosung Heavy Industries is determined to more actively involve ourselves in protecting our environment.
Site-specific Nature Restoration Campaigns
Hyosung Heavy Industries is actively involved in protecting the natural environment near each of our production sites by implementing the one-company, one-mountain campaign and the one-company, one-river campaign. Through such activities which are conducted with the voluntary participation of employees, we will fulfill our responsibilities as a member of the local community.
We will save the future of humanity through constantly developing new and renewable energy sources.
Wind Power Generation
Based on the technical know-how we have acquired through projects involving our speedometers, power generators, and power transmission/distribution equipment, Hyosung Heavy Industries has established South Korea’s first independently developed wind power generation system. In 2011, we developed a 750kW wind power generation system and a 2MW wind power generation system and acquired international certification for them, and we installed and are operating these systems on the wind farms in Jeju, Taebaek, and Pyeongchang. After developing the onshore wind power systems, in 2014, we also developed a 5MW offshore wind power generation system, which boasts the largest capacity in South Korea, and acquired international certification for it.
Solar Power Generation System
Solar power generation, which utilizes sunlight, an infinite source of energy available in nature, is a future clean energy business that also significantly contributes to the reduction of greenhouse gas emissions. Solar power generation is a business that is expected to account for 2.6% of South Korea’s total renewable energy generation in 2011, and the market’s value is expected to rise to around 100 trillion KRW by 2020. In 2007, Hyosung Heavy Industries carried out all stages of a project involving the construction of Samryangjin’s 3MW class solar power plant with our own technology under a turn-key contract, from design to material and equipment sourcing to actual construction work. In addition, we are also actively engaged in power generation business; having built and operated the 1.6MW class Taean Solar Farm Solar Power Plant since July 2008.
An ESS is a system that stores electricity and uses it when necessary. An ESS provides benefits such as increased use of renewable energy, improvement of stability of electric power use, and reduction of electricity bills. An ESS is also used to supply power to island areas in conjunction with new and renewable energy sources.
Methane Gas Recycling Facility
Hyosung has been developing methane gasification technologies for food and beverages, and we have built a facility that produces electricity using methane gases generated in the decomposition process of food waste and dirt. As a result, we now supply high efficiency energy with reduced CO2 emissions.
We will help build a wise world by leading the way in realizing the efficient use of energy.
Smart Grid (Intelligent Grid System)
Hyosung Heavy Industries is also actively engaged in smart grid business where new and renewable energy sources such as wind energy are utilized. Smart Grid is an intelligent power grid system that combines IT with electricity technology to enable real-time bi-lateral exchanges of information between the electricity provider and the consumer with the goal of achieving optimal energy efficiency. In 2010, we supplied South Korea’s first smart grid product, 50MVA STACOM, to KEPCO, and we are aggressively engaged in developing technologies that will allow us to compete with global leaders.
High Efficiency Motors
High efficiency motors have electricity loss levels that are 20 to 30% lower than those of general motors, but their energy efficiency is 3 to 18% higher. As a result, they contribute to environment protection by reducing CO2 emissions and also save electricity costs for customers.
CNG Fueling Facility
Hyosung Heavy Industries has long since cemented our position as a supplier of fueling facilities for high efficiency natural gas. Mainly used for buses, CNG plays an important role in reducing CO2 emissions from public transportation.
Hydrogen Refueling System
Hyosung Heavy Industries provides total solutions encompassing the supply, production, assembly, and installation of materials that are necessary for the construction of hydrogen charging stations. This allows for designing in the most efficient manner, requiring smaller installation space yet providing better compressor durability compared to competitors. In addition, Hyosung succeeded in localizing hydrogen chargers, hydrogen gas cooling systems, and hydrogen gas compression packages with its own technology. Hyosung also ensures safety, the most important element of hydrogen charging stations. Through real-time data analysis, Hyosung’s station not only displays charging status but also promptly identifies the cause of any problems. It is also equipped with a safety system that can manage hydrogen sensors, flame detectors, and pressure sensors in real time.
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