BS Group announced on the 2nd that it will change its mission and unveil a new corporate identity (CI) to unify its image as a sustainable corporation.
The newly introduced CI by BS Group combines blue, orange, and green symbols that represent the group's main businesses, including real estate development, clean energy, construction, and leisure, with 'BS,' which signifies 'beyond sustainability,' conveying its commitment to grow into an eco-friendly future city and clean energy corporation.
Hanyang, known for its housing brand 'Sujin,' changed its mission to 'BS Hanyang,' and major affiliates also updated their missions to include 'BS.'
A representative from BS Group noted, 'Based on stable business performance in the construction and real estate development sectors, we will create visible results in our eco-friendly future city Solar City development project, which includes the development of LNG, hydrogen, and eco-energy projects, renewable energy projects like solar and wind power, as well as a 1-gigawatt (GW) artificial intelligence (AI) data center park, and wellness residential complexes, and we will leap forward as a sustainable corporation promoting eco-friendly future cities and clean energy businesses.'
BS Group explained that its main subsidiary, BS Hanyang, known for the housing brand 'Sujin,' achieved a contract balance of 7 trillion won last year, securing stable work for the next five years. Based on this, it has a strategy to transform into a clean energy developer through gradual growth in energy businesses such as LNG, hydrogen, solar, and wind.
BS Group's 'Northeast Asia LNG Hub Terminal' is a project to develop three LNG storage tanks with a capacity of 200,000 cubic meters, along with vaporization and gas outlet facilities, and a maximum 100-ton (t) wharf facility on about 270,000 square meters of reclaimed land in Yeosu, Jeollanam-do. As an energy developer, BS Group has established a partnership with GS Energy and government stakeholders like Jeollanam-do to attract the government's regional revitalization investment funds and is aiming for commercial operation of the first and second LNG storage tanks by 2028.
BS Group plans to use the 'Northeast Asia LNG Hub Terminal' as a base for the 'Myo-do Eco Energy Hub,' designated as a special opportunity development zone last year, creating a carbon-neutral energy cluster capable of promoting projects such as hydrogen, carbon capture, utilization and storage (CCUS), ammonia, district energy, solar and wind power generation, and energy storage systems (ESS).
BS Group also has experience in performing and operating the EPC for large-scale land and water solar power plants, including the 'Solar City Solar Power Plant,' which has the largest installed capacity (98 MW) in Korea at the time of completion and the world's largest energy storage system (ESS) at 306 MWh, as well as the Goheung Bay and Haechan Bay floating solar power plants. Additionally, it is seeking further business opportunities in wind power and other areas through collaboration with domestic and international companies, including the world's largest green energy developer, Copenhagen Infrastructure Partners (CIP).