# ECOMAGIC Co., Ltd. And POSCO INTERNATIONAL Sign Exclusive Sales Agreement for Thailand for Carbon Neutrality in the Petroleum Energy Sector

- Link: https://www.thailand-business-news.com/press-release/218619-ecomagic-co-ltd-and-posco-international-sign-exclusive-sales-agreement-for-thailand-for-carbon-neutrality-in-the-petroleum-energy-sector
- Published: 2025-05-12T16:20:07+07:00
- Author: PR Newswire

At the forefront of climate action, nations aim for carbon neutrality by 2050. ECOMAGIC’s
innovative technology reduces gasoline emissions, helping POSCO INTERNATIONAL promote
sustainability and ESG initiatives in Thailand.

SEOUL, South Korea, May 12, 2025 /PRNewswire/ — In an era of escalating climate 
crisis, the world is placing ‘carbon neutrality’ at the forefront of global discourse.
Countries around the world have pledged to submit detailed action plans to the United
Nations by establishing Long-Term Low Emission Development Strategies (LEDS) aimed
at achieving carbon neutrality by 2050. They continue to make steady efforts by 
expanding the adoption of renewable energy and implementing various alternatives
to reduce carbon emissions.

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However, despite the global trend toward energy transition, the demand for petroleum
as a major fossil fuel remains solid. In particular, because gasoline, which is 
the most widely used, has a boiling point of only 23°C, volatile organic compounds(
VOCs) are inevitably released during storage and transportation. These VOCs contain
carcinogens like benzene and toluene that can cause serious illnesses once they 
enter the human body.

In the midst of this challenge, a groundbreaking technology that reduces the emission
of VOCs and carbon dioxide has been developed in South Korea. The company behind
this innovation is ECOMAGIC Co., Ltd., recognized as a leading enterprise in the
field of eco-friendly renewable energy and carbon reduction projects.

For the past 11 years, ECOMAGIC has been dedicated to developing the ‘Vapor Liquefaction
Treatment System’, a technology that ensures gasoline can be used wisely, without
threatening human life and instead contributing positively to the environment. Together
with POSCO INTERNATIONAL, a company with a global network, ECOMAGIC has taken a 
significant step toward advancing carbon neutrality practices.

POSCO INTERNATIONAL is steadily developing greenhouse gas and carbon emission reduction
projects in response to climate change and is moving forward with the goal of reinvesting
corporate profits back into society through its ESG initiatives.

Interview with Mr. Wooho Kim, Head of POSCO INTERNATIONAL Thailand

**1. We heard that you made significant efforts to introduce ECOMAGIC’s Vapor Liquefaction
Treatment System into the Thai market. Could you share the background behind it?**

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“POSCO INTERNATIONAL Thailand has been continuously monitoring the Thai government’s
efforts to strengthen environmental regulations and achieve carbon neutrality goals.
In particular, vapor emissions generated during the storage and distribution of 
gasoline have become a major cause of air pollution and health issues, creating 
a clear need for effective solutions.

ECOMAGIC’s Vapor Liquefaction Treatment System is an innovative product capable 
of addressing these challenges. It significantly reduces vapor emissions compared
to conventional methods and helps prevent gasoline losses, offering notable economic
benefits as well. As part of our strategy to strengthen ESG management and expand
our sustainable energy business in the Thai market, POSCO INTERNATIONAL decided 
to actively promote the introduction and sales of this product.”

**2. What is your outlook on the market potential for vapor liquefaction recovery
systems at gas stations in Thailand?**

“Thailand is one of the major petroleum-consuming countries in ASEAN, with annual
gasoline consumption exceeding 30 billion liters. As a result, vapor emissions generated
during the gasoline distribution process have become a serious issue, and the Thai
government is actively promoting various policies to reduce air pollution.

Major refiners and gas station operators in Thailand are strengthening their ESG
management and showing strong interest in adopting new technologies aimed at improving
energy efficiency and protecting the environment. In particular, vapor recovery 
and liquefaction technologies are effective in reducing fuel losses and responding
to tightening environmental regulations, which suggests there will be strong demand
in the Thai market moving forward.

POSCO INTERNATIONAL plans to strengthen collaboration with major gas stations and
petroleum distributors in Thailand through its partnership with ECOMAGIC.”

**3. What other projects is POSCO INTERNATIONAL pursuing to support carbon neutrality?**

“As a global integrated business company, POSCO INTERNATIONAL is promoting a wide
range of eco-friendly projects aimed at building a sustainable future.

We are contributing to reducing greenhouse gas emissions and accelerating the energy
transition through solar and wind power generation, and supporting the shift to 
green energy by establishing supply chains for low-carbon hydrogen and eco-friendly
ammonia.

In addition, we are advancing carbon emission reduction initiatives by utilizing
carbon capture, utilization, and storage (CCUS) technologies, moving one step closer
to achieving carbon neutrality.

Through these diverse ESG initiatives, POSCO INTERNATIONAL is committed to pursuing
sustainable growth and will continue to strengthen its efforts toward carbon neutrality
in both the Thai and global markets.”

 

**Source** : [ECOMAGIC Co., Ltd. And POSCO INTERNATIONAL Sign Exclusive Sales Agreement for Thailand on a Core Technology for Achieving Carbon Neutrality in the Petroleum Energy Sector](https://www.prnasia.com/story/archive/4683383_AE83383_0?rand=102387)

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