GS Caltex said on the 5th that on the 3rd it signed a comprehensive memorandum of understanding (MOU) with the global environmental solutions corporations "Veolia" and will move to innovate utility operations and strengthen sustainable management at the GS Caltex Yeosu plant.
The two sides signed the MOU to coincide with French President Emmanuel Macron's visit to Korea, elevating their relationship from a previously piecemeal water-treatment collaboration to a strategic partnership that shares future strategies. Veolia, headquartered in France, is a corporations that has secured world-leading global competitiveness in water, waste and energy management.
To respond to tighter environmental regulations in industry and demands for energy efficiency, the two sides will jointly develop and apply integrated solutions across the environmental, energy and digital domains. The partnership will be pursued from a "Triple-X" perspective consisting of BX (Business Transformation), DAX (Digital & AI Transformation) and GX (Green Transformation).
Regarding BX, the two sides will jointly review opportunities to integrate and optimize the operation of the Yeosu plant's wastewater treatment facilities and to increase utility synergies with nearby corporations. Through this, they plan to maximize operational efficiency and strengthen competitiveness.
In DAX, a focus area for GS Caltex, Veolia's AI-based digital solutions will be introduced at the Yeosu plant to advance real-time analysis of utility operation data and an intelligent process management system. This will accelerate the shift to a smart plant through process operation optimization, anomaly detection and predictive maintenance.
In GX for sustainable management, GS Caltex will pursue cooperation to introduce Veolia's unrivaled eco-friendly technologies at the Yeosu plant, including wastewater reuse, cooling system improvements and recovery of valuable materials. Through this, it plans to reduce carbon emissions and strengthen the foundation for a circular economy.
Hur Sae-hong, GS Caltex CEO (vice chairman), said, "Cooperation with Veolia will be an important opportunity to innovate utility operations across the board and take ESG (environmental, social and governance) management to the next level," adding, "We will secure sustainable competitiveness based on world-class technology and operational know-how."