Uiwang City-Cheonil Energy, Sign MOU on Unused Forest Biomass Resourceization Project

[Suwon Ilbo=Reporter Park Chan-hyuk] Uiwang City signed a memorandum of understanding (MOU) with Cheonil Energy Co., Ltd. (CEO Park Sang-won) on the 14th at the City Hall small conference room for an 'unused forest biomass' resourceization project.

This agreement is an eco-friendly cooperation model based on ESG (Environment, Social, and Governance) principles, embodying a joint commitment to address climate crisis by converting abandoned forest byproducts in the region into energy resources.

Going forward, when the city collects waste wood generated in the city at designated locations, the partner company will collect it free of charge and produce eco-friendly power generation fuel such as wood chips, which will be supplied to power plants.

Through this initiative, the city is expected to achieve a dual effect: recycling 515 tons of forest resources, which were previously discarded as timber waste, into eco-friendly energy, while saving more than 70 million won annually in waste disposal costs, and also contributing to saving the Earth's environment amid climate crisis.

Meanwhile, Cheonil Energy Co., Ltd. donated 10 million won to Uiwang City as a commemorative gesture for the agreement as part of its 'warm neighborhood support' initiative.

Park Sang-won, CEO of Cheonil Energy Co., Ltd., said, "I hope this agreement becomes a meaningful step in realizing carbon neutrality and expanding renewable energy," adding "We will continue to contribute to social responsibility activities in the region by returning part of the business profits as donations."

Mayor Kim Sung-je said, "By efficiently managing abandoned resources and utilizing them as renewable energy sources, we will be able to simultaneously achieve environmental protection and budget savings," and added, "The donation you have provided will be delivered as a warm hope to those in need within the community."