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Busan Metropolitan City Completes Demonstration of the “Ammonia Eco-Friendly Energy Regulatory Free Zone” … Verified Safety and Business Feasibility

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it had successfully completed the demonstration project for the “Busan Ammonia Eco-Friendly Energy Regulatory Free Zone.”

This demonstration project is a core initiative to achieve carbon neutrality and foster an eco-friendly maritime city. Its significance lies in verifying both safety and business feasibility in the ammonia energy sector, where domestic and international standards are still lacking.

In November 2021, Busan was designated as a regulatory free zone by the Ministry of SMEs and Startups. Since 2022, the city has promoted the project under the leadership of Busan Technopark in cooperation with 17 participating special zone enterprises.

The major demonstration projects include:
▲ Demonstration of an ammonia-based fuel cell hybrid eco-friendly vessel
▲ Demonstration of mobile liquefied ammonia standard container tanks (ISO tank containers)
▲ Establishment and safety verification of a mobile-based ammonia fuel supply (bunkering) system for ships.

Particularly, Busan Metropolitan City prioritized safety at every stage of the project. An advisory committee composed of experts from academia, industry, and research institutes reviewed the plans, and all participating enterprises subscribed to liability insurance to prepare for potential risks.

Through this demonstration project, the city has so far achieved outcomes such as 331 new jobs, KRW 110 billion in investment attraction, approximately KRW 40 billion in sales, training of 430 professionals, and the registration of 21 patents.

If these demonstration results are commercialized, they are expected to create additional outcomes, including 2,665 new jobs, approximately KRW 574.8 billion in sales, the attraction of 20 enterprises, reduction of 2,403 tons of fine dust, and reduction of 48,950 tons of greenhouse gases. These economic and environmental ripple effects are projected to make significant contributions to regional industry and economic development.

Based on the results of this demonstration, Busan Metropolitan City plans to cooperate with relevant ministries, including the Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy, to establish detailed safety standards for ammonia and promote their institutionalization.

Through this effort, the demonstration that began in Busan is expected to expand into a national standard and serve as a stepping stone for entering the global eco-friendly marine energy market.

Park Dong-seok, Director General of the Advanced Industry Bureau of Busan Metropolitan City, stated, “This special zone project will create a new eco-friendly energy industry ecosystem in Busan, and it represents a significant achievement that enables our city to leap forward as a global leader in carbon neutrality and the future marine energy industry.”