KOGAS

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LNG (Liquefied Natural Gas) is made by compressing natural gas to about 1/600 of its volume at -162°C for mass transportation and storage. LNG cold heat is generated by vaporizing from -162°C to 0°C, and the generated LNG cold energy can replace about 0.23kwh of electrical energy per kilogram.
A significant amount of electricity can be replaced by utilizing LNG cold heat, which has previously been dumped into the sea during the LNG vaporization process. Vitalizing the LNG cooling and heating industry will not only ensure diversity in energy sources, but also contribute to promoting the transition to low-carbon, high-efficiency energy consumption.

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You can check the Business Title, Business Overview, Business Scale, Business Period, Business Expenses, Business Site, Expected Effects and Participating Companies in the report library.
Division	Main Contents
Business Title	Incheon New Port Cold Chain Cluster Project
Business Overview	Establishment and operation of a refrigeration and logistics center using LNG cold heat
Business Scale	Total floor area: 350,000m³
Business Period	2021？2071 (2 years of construction + 48 years of operation)
Business Expenses	KRW 562.2 billion
Business Site	Incheon production base and part of the land immediately behind Incheon New Port
Expected Effects	Replacing 42GW of electricity and reducing CO₂ emissions 210,000 tons per year by using LNG cold heat Employment increase of about 8,000 people over the next 10 years, and approx.. KRW 3.5 trillion in production and added value
Participating Companies	Company	Role	Share Ratio
	KOGAS	LNG cold heat supply	15% (KRW 25.3 billion)
	Korea Gas Technology Corporation	Design, purchase, and procurement of cold heat supply facilities	5% (KRW 8.4 billion)
	Belstar SF Holdings LLC	Business management	50% (KRW 84.3 billion)
	EMP Belstar Incheon	PF advisory	25% (KRW 42.2 billion)
	Korea Superfreeze Inc.	Regrigeration·freezing warehouse operation and rental	5% (KRW 8.4 billion)