As a member of the energy efficiency working group in the Green Growth Committee of the Seoul G20 Business Summit set to be held in the middle of November, Chairman Hur Dong-soo of GS Caltex is scheduled to present a paper on the subject of energy efficiency and green growth.

In his paper, Chairman Hur who is a doctor of chemical engineering will advocate the necessity of solidifying systems of building symbiotic relations between large companies and small and mid-sized businesses as well as raising efficiency of energy of the nation by improving energy efficiency while large companies providing their knowhow of improving energy efficiency and reducing greenhouse gases to smaller companies and suppliers. He will also stress the necessity of drawing up a clear and sustainable system for carrying out "green symbiotic management" through support of technologies for energy efficiency between large and small companies in formulating the green growth road map after the G20 Seoul Summit is completed.

Pointing out that effect of control on greenhouse gases will vary by industry sectors, he will emphasize that G20 should set global benchmarks of greenhouse gas control by industry sectors as essential goods should be produced in any region of the world, taking account of trade exposure and carbon intensity, so that any manufacturers should not be disadvantaged in competition.

In addition, suggesting development direction of transportation sector to achieve green growth, Dr. Hur will put emphasis on the necessity of promoting materials industry needed for hydrogen fuel cell vehicles and electric vehicles in the long run, and of increasing production of clean diesel and hybrid vehicles that can satisfy fuel efficiency and environment regulations of industrialized countries on short- and mid-term basis.

In his presentation, Chairman Hur will also point out the necessity of institutional support for clean diesel vehicles such as boost of related industry and tax benefits until electric and fuel cell vehicles are commercialized, recognizing that clean diesel vehicles are future growth engine that can solve energy and environment problems simultaneously.

As the first private oil company in Korea, GS Caltex has been successfully operating oil and petrochemical businesses as well as diversifying into other energy sectors over the past 40 years, establishing itself as a total energy service leader in the industry.

 

Meanwhile, wishing for the success of the G20 Seoul Summit, GS Caltex posted banners at its gas stations and LPG filling stations across Seoul, and it flashes large neon signs on top of GS Tower in Yeoksam-dong, Seoul.