South Korean power company Korea Western Power (KOWEPO) has signed a memorandum of understanding with authorities in Uzbekistan as part of a project to reduce greenhouse gas emissions and produce biofuels, Business Korea reported on July 3.
KOWEPO has signed a memorandum of understanding with the government of the Fergana region. The South Korean company will help local authorities replace coal used to heat farms with biofuels, which will be produced from agricultural waste, particularly cotton stalks.
The KOWEPO project is expected to reduce greenhouse gas emissions by approximately 120,000 tons over the next decade and generate approximately $2 billion in biofuel revenues.
Uzbekistan’s agricultural sector, especially cotton production, plays a crucial role in this project. Cotton stalks, which are normally thrown away, are used as a valuable resource for biofuel production.
Source: Rossa Primavera
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