LowCarbon, the first installation of carbon dioxide capture equipment in the air.
– LowCarbon Donates Zero C, a 50kg air-to-air carbon dioxide capture facility to Gangjin County
– Zero C is equivalent to the amount of carbon dioxide absorbed by 100 30-year-old pine trees.
– The first direct air capture (DAC) facility in Korea for carbon neutrality, which is used as a venue for education and public relations such as raising public awareness
LowCarbon Co., Ltd. (CEO Lee Chul) manufactured a direct air capture (DAC) in the air and donated it to Gangjin County Office, and held an unveiling ceremony at Gangjin County Office on the 26th with officials such as Gangjin County Mayor Kang Jin-won.
The newly installed DAC is a pure domestic technology designed and manufactured by LowCarbon Co., Ltd., and was named Zero C to achieve carbon neutrality by practicing carbon negatives, and was installed in the parking lot in front of Gangjin-gun Office for the first time in Korea.Zero plans to collect about 50 kilograms of carbon dioxide in the air on a small scale of 3 meters wide and 2.9 meters long.This is equivalent to the amount of carbon dioxide absorbed by 100 30-year-old pine trees, and there are many advantages compared to forest afforestation because it does not require a large area of land and time such as pine forests.
According to an Intergovernmental Panel on Climate Change (IPCC) report, natural and artificial carbon removal technologies are essential for the world to reach the 2050 Net-Zero goal.Currently, the scientific community estimates that by 2050, 5 to 15 billion tons of carbon should be removed annually in order to maintain global warming at 1.5°C.
Natural carbon removal, such as planting trees, plays a major role in realizing carbon neutrality, but there is a limit to growing forests, and when a forest fire occurs, a huge amount of carbon is quickly released.Therefore, the International Organization for Energy (IEA) expects to remove 1 billion tons of carbon through DAC by 2050, reporting DAC technology that artificially removes carbon as a key technology for realizing carbon neutrality.
As the need for DAC technology gradually increases, global companies continue to invest, and governments around the world are paying keen attention.According to foreign media reports from Houston, the U.S. oil and gas and chemical company Oxidental Petroleum will invest $800 million to $1 billion in carbon dioxide removal facilities to start operation in 2024 and handle 1 million tons a year.The U.S. government enacted the Inflation Reduction Act (IRA), and DAC facilities, which began construction before January 1, 2023, will receive a tax deduction of up to $180 per ton if carbon generated by industrial activities is collected and isolated.
The Breakthrough Energy Catalyst (BEC) fund, created by Bill Gates, plans to invest $15 billion in clean technology projects and includes DAC technology in four key areas invested by BEC.Companies with DAC technology include Clime Works in Switzerland and Carbon Engineering in Canada, and LowCarbon Co., Ltd. is the only company in Korea.
The unveiling ceremony was attended by Lee Chul, CEO of LowCarbon, executives and employees, county governor Kang Jin-won, employees, and officials of the Gangjin County Council at Gangjin County Office, showing high interest.
“Today is the historic day when Zero, the first DAC facility in Korea, was installed at Gangjin County Office, and it is the first step toward realizing carbon neutrality,” CEO LowCarbon Lee Chul said in a greeting.
Meanwhile, Gangjin-gun Governor Kang Jin-won said, “We are proud that there is a future-oriented technology company like LowCarbon in Gangjin,” adding, “Gangjin-gun will become the No. 1 tourist destination in Namdo, where historical culture and ecological environment breathe.”he said.
LowCarbon announced that it is planning to develop a 10-ton ZeroC plant with 20 basic modules for the ZeroC plant that can collect 500kg a day and sell them at home and abroad, completing the basic modules that can collect 500kg a day.It also plans to develop it in various sizes and uses so that it can collect carbon dioxide in the air anytime, anywhere.<The End>