Korea's southern province to develop renewable-based ship technogy

South Korea's southern province South Jeolla is all set to develop renewable energy-based passenger ship technology.

With the help of renewable energy, green vessels will not emit greenhouse gases.

The latest development comes at a time when the International Maritime Organization, United Nations' maritime safety agency, has adopted compulsory energy-efficiency measures. It is aimed at reducing greenhouse gases from vessels by 30 percent by 2025.

Issuing a statement, South Jeolla Province informed that the province was selected by the Ministry of Oceans and Fisheries to develop this new technology.

It further informed that the solar and wind power-based ships will be standardized. "A total of 26 billion won ($21 million) will be invested by 2026," it said.

To be noted, the country's southern province has been "focusing on the development of electric propulsion ships with the state-funded Korea Research Institute of Ships and Ocean Engineering, private companies and other research institutes."

Meanwhile, various South Korean shipbuilders are also developing green technologies for ships, a local report mentioned.