The Korea Industrial Complex Corporation (KICOX) announced on Feb. 22 that it has signed a US$48,000 (59.11 million won) deal with the World Bank Group (WBG) to provide consulting services for the resource efficiency pilot project of Hoa Khanh Industrial Complex in Da Nang City, Vietnam.
The contract was able to go through due to the fact that the Ministry of Trade, Industry and Energy wanted to help industrial complexes in developing countries improve the resource and energy efficiency by making good use of Korean eco-industrial park establishment models, and it suited the purpose of the WBG.
Under the agreement, the KICOX will hand down EIP policy experience and its successful cases, develop industrial symbiosis projects in Hoa Khanh Industrial Complex in Da Nang City, come up with plans for feasibility study and medium and long-term development strategy, and design customized industrial symbiosis projects in the complex.
With the latest deal, the company plans to reduce greenhouse gases in the international society and lay the groundwork for domestic companies to push into the global projects for the greenhouse gase reduction, by sharing Korean “low carbon, green growth” policy experience with developing countries.
KICOX President Kang Nam-hoon said, “Korean eco-industrial parks were chosen as the model of the Green Special Economic Zone for developing countries. It is meaningful in that the international community recognizes Korea’s competitiveness and initiative as a sustainable industrial complex model for low carbon development. The company will continuously expand the project in other developing countries, such as Turkey and Mauritania, in the future.”