Clean Energy South Korea
POWERING THE WORLD FOR GOOD
SEOUL, SOUTH KOREA
Welcome to South Korea.
POWERING THE WORLD FOR GOOD
EPIC ESG welcomes you to the stunning mountains, historic wonders, and glistening urban life that animate the South Korean capital of Seoul. Officially named the “Special City” – Seoul is nestled like a sparkling jewel in a seven mountain crown burnished by the eastern sea of the Gyeonggi province. As both the capital and largest metropolis of South Korea – with her population of more than 9.7 million people – Seoul anchors the civic, political, and cultural heart of the nation. Its dynamic technology hubs centered in Gangnam and Digital Media City headquarter more than a dozen Fortune Global 500 companies that drive the tech, industry, financial, and global rhythms of the nation.
EPIC ESG partners and stakeholders chose this burgeoning center to meet the expanding need for alternative fuels and recycled energy resources while generating vital green industry and workforces that will bring clean energy innovation and resources to address monumental challenges of plastic waste reclamation and recycling throughout the region while helping achieve national carbon transition goals toward a green future.
EPIC ESG’s technologically advanced, green, sustainable solutions treat plastic as a regenerative resource. Initially converting 324 tons of plastic waste daily, with designs in place to achieve 1,800 tons of waste plastic converted daily, into clean energy the project will generate, transmit, and sell electricity “into” the existing Korean Power Exchange. Clean Energy South Korea’s future project phases will incorporate biomass-to-energy technologies and the creation of green hydrogen resources in support of South Korea’s strategic long-term goals for becoming a global leader in green hydrogen technologies and energy. Harnessing values-driven innovation, investment, and socially responsible, sustainable impact the project will improve the lives and livelihoods of millions throughout the region.
EPIC ESG’s values-driven stakeholders will generate clean energy solutions, new economic engines, and workforces, alongside environmental renewal that reclaims South Korean mountains, farmlands, waters, air, and oceans. With a dramatically increasing worldwide market demand for recycled energy production technologies, Clean Energy South Korea is pioneering a way forward as stakeholders develop, manage, and expand clean energy resources, workforces, and economies while mitigating plastic waste around the globe.
EPIC ESG invites you to explore the strategies, stories, and successes of this remarkable project that is — powering the world for good.
EPIC ESG’s proprietary, pyrolysis based plastic-to-energy facilities will efficiently turn mountains of waste plastic into recycled electricity and fuels for sale and use in the South Korean power grid. The project’s First Phase will reclaim plastics to create electricity and fuels, remediating plastic waste challenges while ending the idea of “single use” plastic. In effect, this EPIC ESG project will give “single use” plastic a “second use” – conversion from waste into usable energy resources — powering the world for good.
South Korea has achieved remarkable success in combining rapid economic growth while reducing poverty throughout the region. Strategic governmental support and policies have resulted in real gross domestic product (GDP) growth averaging 7.3% annually between 1960 and 2019 fueled by annual export growth of 16.0% on average accompanied by a rise in savings and investment to 34.7% and 29.8% of GDP respectively. With a rare combination of stability, high growth rates, and environmental vision South Korea provides an exceptional opportunity for values-driven stakeholders — powering the world for good.
As leading-edge technology converts plastic waste to green fuels/electricity, thousands of tons of plastic waste are removed annually from Korean cities, beaches, mountains, and farmlands. The project brings cleaner air, water, and soil to the region in alignment with national environmental commitment and benchmarked climate goals. Clean Energy South Korea elegantly reduces plastic waste while creating environmentally-friendly biofuels, all incentivized by national financial incentives for manufacturers, organizations, corporations, and agencies that choose social and environmental responsibility — powering the world for good.
PROJECT SNAPSHOT AT A GLANCE
Clean Energy South Korea will create both short and long-term transformation of the region’s renewable energy, recycling, economic, and environmental goals.
US$ millions (total investment)
Tons of plastic waste removed from South Korean waste stream annually
Million gallons of liquid fuels or syngas equivalent produced annually
Megawatts of recycled electricity fed into the Korean Power Exchange annually
SOUTH KOREA PROJECT LEADERSHIP
Chief Sustainability Officer, EPIC ESG oo
Ryu Je Young
Chairman and CEO of Environmental Living Technology Energy and Industry
Soo Ryong Kim
Public Relations & Government Affairs/Korean Investor Liaison
Director of Caribbean Operations
Frank is an experienced Fortune 500 executive with a multi-decade career spanning the fields of media, energy, manufacturing, forestry products, management, and generalized development projects, with a focus on salesforce building, marketing, and international business development. Frank has successfully and continuously carried out assignments as both an entrepreneur and corporate executive.
For many years, Frank has independently worked to develop power applications for regions that possessed lower power wind regimes and were able to carry out five pilot projects in Pennsylvania, New York, Massachusetts, and Arizona. Additionally, Frank has obtained two United States patents on this power technology which is now being implemented in South America.
In addition to his role as EPIC ESG’s President and Founder, Frank is also responsible for overseeing the logistics and financial concerns of EOS Investment Group, an ongoing liquified natural gas project in Chile.
Chief Sustainability Officer
Kyle Barnette has been a leader and innovator in the technology sector for more than 20 years, developing critical database and security applications for enterprises such as Caterpillar, Clear Channel Communications, and others.
Kyle is the co-founder of PiEco which is leading the charge to revamp the global energy sector by blending advanced and proven environmental recycling technologies into existing energy production and distribution infrastructure.
Kyle also has extensive experience in the power and energy business. Prior to co-founding International Remediation, he was the Co-founder/Managing Partner of Turnkey Electric LLC, a diversified power-oriented company founded in 2004, which grew into a diverse multi-million dollar a year power generation sales and consulting business. During his tenure with Turnkey companies, Kyle was involved in the sales and construction consultation of over 250MW of power generation worldwide.
Dr. Soo Ryong Kim
Public Relations & Government Affairs/Korean Investor Liaison
Dr. Soo Ryong Kim is head of ELT’s public relations with local and national governments, as well as outreach with the press and local neighborhood associates. Soo Ryong is also involved in business planning for ELT in accounting, finance, personnel affairs, and legal affairs.
Prior to Soo Ryong ‘s leadership role at ELT, she was the Special Advisor for the Seoul Metropolitan Government from August 2017 to December 2018. She was also the Chairman of Korea Women’s Leadership Special Committee. Soo Ryong also serves as the CEO of the Myungbo General Trading Company and as a Director of Public Relations at the Korea University for Science & Technology Studies.
Soo Ryong received her Master of Journalism and Mass Communication in February 2013 and completed her doctoral degree in 2019 at the Korea University Graduate School of Journalism.
EPIC ESG US/GLOBAL PARTNERS
INNOVATE, INVEST, AND IMPACT THE WORLD FOR GOOD
Clean Energy Innovation Strategy
EPIC ESG has created an industry-leading team of values-driven innovators, management teams, and stakeholders to design, build, and operate 4 Renewable Cogeneration Power Plants anchored in strategic locations throughout the region surrounding Seoul, Korea.
EPIC ESG’s state-of-the-art, verified clean energy technology refines the use of pyrolysis – a clean process utilizing a high-heat, oxygen-free environment – to convert plastic waste into clean green electricity, syngas, and liquid fuels. EPIC ESG’s proprietary process referred to as “Plastic to Energy” or “P2E” effectively converts recycled plastic waste into renewable diesel fuel that – when fully implemented across the 4 sites – will power 28 generators to produce roughly 250 megawatts of clean electricity.
Clean Energy South Korea innovators have designed this next-generation technology as an elegant, nimble, scalable energy resource requiring roughly 2500 square feet per individual P2E unit. Where similar technology projects active in this space require large-scale facility footprints of up to 100,000 square feet of space with capital investments approaching $100 million for a single site, EPIC ESG’s “necklaced” site approach matches or exceeds traditional recycled waste energy production with reduced costs and operational footprint with increased efficiencies at every benchmark measure.
The initial project phase will implement 10 recyclable fuel production pyrolysis units at one of the four sites to convert plastic to energy, with later stages of the project strategically scaling up to 50 units across all 4 sites over time. The first phase of the P2E facilities will process approximately 360 tons of plastic waste daily, to be scaled to 1,800 tons of waste plastic daily, to generate, transmit, and sell electricity into the Korean Power Exchange under a long term take-or-pay, Power Purchase Agreement. With the expanding worldwide market for recycling, pyrolysis, and incineration technologies the project will tackle growing plastic pollution challenges while creating green energy and green workforces throughout the region — powering the world for good.
Clean Energy Stakeholder Strategy
South Korea is leading the way as a global force in the development of hydrogen-based energy and economies. The Korean government has committed to net-zero carbon emissions by 2050 and in July 2020, announced its Green New Deal, committing to over $15 billion of investment by 2025 in green mobility. South Korea’s investment follows a similar green hydrogen investment trend among advanced industrialized nations of the world, such as France, Spain, and the rest of the EU, which has also pledged billions of dollars to develop green hydrogen economies.
Like industrial nations around the globe, South Korea was particularly hard hit by China’s abrupt departure as a global “plastic recycler” in 2017. Aware of the environmental and health problems caused by microplastics, the South Korean government refused to allow rapidly accumulating plastic waste to be landfilled or incinerated, instead, charging its industrial, scientific, and engineering communities with finding an environmentally sound way of dealing with plastic waste.
In 2019, empowered by a government mandate to find solutions for the plastic waste problem, a South Korean green energy group, ELT LTD, reached out to EPIC ESG and its affiliates for potential engagement. EPIC ESG’s US-based management team worked with industry partners and South Korean counterparts to assess the feasibility and establish project design and benchmarks. ELT LTD identified four strategically located operational sites and two active recycling companies with the capacity to “ramp up” operations in South Korea. ELT officially engaged the EPIC ESG team to bring the EPIC ESG Pyrolysis System to South Korea.
To date, EPIC ESG has worked with key partners and stakeholders to assure that necessary permits to the site, construction, and operation of the EPIC ESG Clean Energy South Korea, have either been secured or will be in place prior to a financial closing on the project. Project approval has commenced with South Korean agencies regarding the use of the sites, construction of the facilities, and related design, construction, and operational strategies.
EPIC ESG’s Clean Energy South Korea offers a technologically sophisticated, ecologically conscious, socially responsible global opportunity for values-driven stakeholders to create their environmental legacy as change agents for millions of individuals and our planet home — powering the world for good.
CLEAN ENERGY SOUTH KOREA
Every single EPIC ESG project occurs at the powerful intersection of visionary innovation, investment, and impact. EPIC ESG’s commitment to Environmental, Social, and Governance (ESG) standards and practices assures the highest good for highest benefit for the most people with the greatest impact for good.
Explore a few snapshots of what makes Clean Energy South Korea such an epic project!
How is clean energy South Korea innovative?
The project utilizes EPIC ESG’s proprietary, leading-edge, “grouped” pyrolysis technology to convert previously unusable waste plastic into highly valued liquid fuels and green electricity. Even better, these energy sources are recycled, allowing us to leave fossil fuels in the ground where they belong and cannot do any more harm to our planet or the environment.
What about emissions for the units?
One operating P2E machine produces fewer emissions than two typical 2,400 square foot houses.
For those who are scientists and industry experts, the total particulate matter for the Total Stack Gas Emissions for the operating system, based on 100% availability and 24/7 operation is 0.001 lbs./hr. or from 0.0001 to 0.0004% of the allowable limit! Systems Emissions are per system, as outlined by regional/ municipal requirements.
What makes the pyrolysis units so innovative?
EPIC ESG’s development teams spent more than a decade developing a proprietary small footprint, scalable, “grouped” pyrolysis technology as a safe, low emissions, eco-friendly system to the market that is fully commercialized and ready for mass implementation.
The pyrolysis technology that EPIC ESG has adopted is safe, with total emissions for each unit being lower than that of two single-family houses. It has a small footprint, less than 5,000 square feet for each unit installed.
The very low emissions, zero-carbon footprint, small size, and green basis of each unit engage brilliant innovation reduces permitting and implementation, design, siting, operations, and long-term costs as an alternative to current, large footprint energy projects.
Why did EPIC ESG choose to create Clean Energy South Korea?
South Korea’s 2019 government mandate to find a solution for the plastic waste problem alongside the nation’s strategic policy and development commitment to a green hydrogen strategy and toward a carbon-neutral footprint by 2050 provides a legislative and environmentally and socially responsible environment for the project that will foster its success.
Is South Korea a safe and favorable investment environment?
The Republic of Korea has achieved remarkable success in combining rapid economic growth with significant poverty reduction. The government of Korea’s policies resulted in real gross domestic product (GDP) growth averaging 7.3% annually between 1960 and 2019. This strong performance was fueled by annual export growth of 16.0% on average from 1961–2019, while savings and investment rose to 34.7% and 29.8% of GDP respectively.
As the first former aid recipient to become a member of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) in 2009, Korea’s gross national income (GNI) per capita increased rapidly from US$67 in the early 1950s to over US $30,000 in 2018.
How does EPIC ESG oversee projects in South Korea?
In 2019, EPIC ESG and ELT LTD engaged STX Corporation as an operational, in-country partner to roll out the CLEAN ENERGY SOUTH KOREA implementation plan.
STX is a publicly-traded, trading and management company that has been operational in South Korea since 1981.
In conjunction with ELT LTD and EPIC ESG, STX has completed feasibility and due diligence on the four properties and the two businesses identified by ELT LTD and the project has secured the properties and businesses with purchase contracts.
Where in Korea is the project?
The project is spread across four sites in South Korea: Suncheon, Gwangyang, Chungyang, and Ansung. Suncheon is a city in South Jeolla Province, a scenic agricultural and industrial city of around 250,000 people near Suncheon Bay. It is located in the southeastern corner of Jeollanam-do, just over an hour southeast of Gwangju.
Gwangyang is a city in South Jeolla Province, South Korea. Gwangyang city is the home of POSCO’s Gwangyang Steel Works, the largest facility of its kind in the world. The city is also home to K League Classic football side Jeonnam Dragons. Anseong is a city in Gyeonggi Province, South Korea, 80 kilometers (50 mi) south of Seoul is known as “The City of Masters” and recognized for producing brassware and arts and crafts.
The Seoul Capital Area (SCA), Sudogwon or Gyeonggi region is the metropolitan area of Seoul, Incheon, and Gyeonggi Province, located in north-west South Korea. Its population of more than 25 million is ranked as the fifth-largest metropolitan area in the world. Its area is about 11,704 km2 (4,519 sq mi) and forms the cultural, commercial, financial, industrial, and residential center of South Korea. The largest city is Seoul, with a population of more than 9.8 million people, followed by Incheon, with 3 million inhabitants.
How does the project impact the plastic waste crisis in Korea?
The P2E facilities will remove tens of thousands of tons of plastic waste annually from South Korea’s cities and towns, generating recycled fuels, green hydrogen, and electricity which will be transmitted and sold into the Korean Power Exchange.
Each P2E unit has the capacity to convert 36 tons of waste plastic into recycled green fuels and electricity every day. The initial phase of the project will employ 10 P2E units at one of the four sites, with later phases of the project scaling to 50 units across all 4 sites.
As the project enters later phases, the daily amount of plastic waste processed will increase from over 360 tons per day to roughly 1,800 tons per day.
Pyrolysis converts waste products – known as feedstock – in high heat, oxygen-free environments into clean green electricity, syngas, liquid fuels, and other valuable products to achieve maximum economic and environmental benefits.
With its great flexibility in converting multiple types of waste product feedstock – including plastic from oceans, landfills, and waterways as well as biomass waste – into multiple forms of fuel and energy, pyrolysis offers dual benefits of reducing waste while also producing clean energy resources that can be used in domestic and industrial applications.
Renewable/ Green Energy
Renewable energy, often referred to as GREEN ENERGY, comes from natural sources or processes that are constantly replenished. Renewable energy technologies enable us to create electricity, heat, and various fuels from renewable sources such as biomass, solar, wind, and hydropower.
To be sustainable, an energy resource must be considered “maintainable” for the foreseeable future. It must continue to supply a business’s or society’s needs, but, in the process, the energy source must not run out or somehow become unusable.
Sustainable energies — including sun, solar, geothermal, hydro, and tidal — provide energy resources without expiring and/or depletion.
Green hydrogen is hydrogen-based fuel that is created using renewable energy rather than fossil fuels. It has the potential to provide clean power for manufacturing, transportation, and domestic energy uses — with the singular byproduct of water.
Green hydrogen is an increasingly important alternative to fossil fuels in the transition to low emissions fuels generated by renewable energy-produced water hydrolysis. When renewable electricity is produced, the excess can be used to run through tanks of water. This causes a process known as hydrolysis to occur, where water molecules are split into hydrogen and oxygen. The hydrogen can then be captured and used in a variety of different applications.
EPIC ESG STORIES
EXPLORE AN EPIC ESG STORY
Take a few moments to explore a few epic stories.
Innovators who speak about the ways innovation, creativity, and commitment aligned in their lives to spark remarkable clean energy solutions. Stakeholders whose values and legacy dreams are shaping their decisions for their future and the future of their children. And a constellation of EPIC ESG projects themselves creating ripples of impacts for individuals, communities, economies, and our planet home as they steward the resources of our shared planet — powering the world for good.
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