The Hyundai Steel Waste Energy Recovery Co-generation Project is a 400MW cogeneration plant at Hyundai Steel, which is developed by Hyundai Green power CO., Ltd. The project utilizes surplus waste gasses produced by the plant to generate electricity. The waste gasses created by the plant are reused by the steel mill, and the rest are consumed by the project, creating a closed loop system before these gases can enter the atmosphere. Without the development and implementation of this project, the waste gasses would be emitted to the atmosphere after incineration. The main goal of this project has been to reduce environmental pollution from the plant and to meet the current environmental policies of South Korea.