KZ Insight
Korea Zinc shares the brand values and future vision of the company
[Korea Zinc Worldwide] Ark Energy
2022-03-14Korea Zinc Worldwide I Ark energy
Brand
STORY
Ark Energy’s Performance
Korea Zinc is the world’s largest supplier of non-ferrous metals such as zinc and silver. Recognizing the fundamental limitations of the industry for environmental protection, Korea Zinc is already continuously investing in eco-friendly materials and eco-friendly energy production. This is because the ultimate goal is to replace the energy used to make non-ferrous metals with 100% eco-friendly energy that does not emit carbon.
Ark Energy is making various efforts to convert Korea Zinc into eco-friendly energy. In
February 2021, it acquired a 30% stake in the McIntyre wind power plant in Queensland,
Australia. By acquiring a stake in McIntyre, the world’s largest wind power plant, it is to
contribute to the renewable energy business by supporting Queensland, Australia’s goal of
achieving 50% of renewable energy by 2030.
The SunHQ project received A$3 million from ARENA, A$5 million from the Queensland Government, and secured A$12.5 million through low-interest loans.
Green hydrogen refers to
eco-friendly hydrogen produced by electrolysis of water using eco-friendly energy such as wind
or solar power rather than fossil fuels. Through efforts, the sincerity of Ark Energy for
eco-friendly future projects can be confirmed
Ark Energy, realizing value through joining the hydrogen alliance
Ark Energy joined the hydrogen alliance ‘Hyzon Zero Carbon Alliance’ as a founding member in 2021. ‘Hyzon Zero Carbon Alliance’ is an alliance that aims to realize hydrogen value from hydrogen car production, technology development, innovation and investment, and Ark Energy supports the construction of hydrogen infrastructure by maximizing cloud computing capabilities. Ultimately, it will contribute to accelerate the realization of Korea Zinc decarbonization
Acquisition of Australia’s
leading renewable energy company,
Epuron
EPURON
Ark Energy acquired a company called Epuron in December 2021. Epuron is an Australian company
that produces green hydrogen and renewable energy, and occupies an unchallenged position in
the Australian renewable energy industry. It is an energy company specializing in all tasks
related to the development and licensing of new and renewable energy such as solar and wind
power, as well as design, purchase, and construction (EPC), performance monitoring, and
operation.
Ark Energy’s acquisition of Epuron is a great momentum in promoting the new and renewable energy
business, and Korea Zinc is confident that it will serve as a foundation for new growth engines
for Korea Zinc’s eco-friendly future business.
Like this, Korea Zinc plans to aggressively increase the proportion of eco-friendly energy in the production of non-ferrous metals, and investment and efforts to achieve eco-friendly ‘Green Zinc’ and ‘Green Hydrogen’ are promises for a sustainable future of Korea Zinc.