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South Korea launches CCU megaproject with LG Chem, POSCO Holdings

South Korea\'s Ministry of Science and ICT said on Tuesday it held a launch briefing for a \"CCU Megaproject\" to conduct large-scale demonstrations of carbon capture and utilisation technology with private companies including LG Chem and POSCO Holdings. The project will demonstrate producing e-SAF from emissions from thermal power plants and converting steel industry emissions into syngas and cleaner marine fuels. The ministry said 238 billion won in state funds will be invested from 2026 to 2030.