[월간수소경제 이종수 기자] Hyojin Autotech emerged as the largest beneficiary company according to the government’s declaration of ‘2050 carbon neutral’ and achieved the achievement of attracting 6 billion won of investment.
Hyojin Autotech (CEO Ki-Young Kim) signed a 6 billion won redemption preferred stock acquisition contract from the IBK-KIP growth stepping stone No. 1 private equity fund established by IBK Industrial Bank and Korea Investment Partners on December 31 last year to expand the carbon resource and hydrogen business. It was announced on the 8th that it had signed.
The government declared the achievement of ‘2050 carbon neutral’ at the end of last year. It has stated that it is accelerating the preparation of strategies for responding to climate change and reducing greenhouse gas emissions, including the formation of the President’s direct “carbon neutrality committee”.
Accordingly, interest in carbon resource conversion projects that reduce greenhouse gases and fine dust is focused.
According to Hyojin Autotech, the company has already secured carbon resource conversion technology. Using the patented technology of ReCarbon Inc. (CEO Kim Joong-soo) in Silicon Valley, USA, he is participating in the manufacture of a plasma reactor, an important device. In May 2018, ReCarbon built a carbon resource pilot plant in Daegu and completed verification.
Hyojin Autotech has been steadily preparing to manufacture plasma reactors since 2013, and in June 2019,’carbon resource conversion technology using plasma, which is part of the carbon resource conversion technology advancement project (Ministry of Science and Technology Information and Communication) worth KRW 13.5 billion. It has acquired’development business’.
The carbon resource demonstration plant construction project being built at the Dangjin Thermal Power Plant is scheduled to begin commissioning in the second half of this year. This is a CCU (carbon capture and utilization) technology, a core technology for achieving carbon neutrality, and is expected to receive great attention in the future.
The government plans to prepare a roadmap for CCU by the end of June this year, and promote technology development and commercialization in earnest.
In addition, ReCarbon’s Korean subsidiary, Recarbon Korea, is currently planning to promote commercial plant construction projects at bio sites such as Pohang and Gunsan soon.
Hyojin Autotech expects to gain momentum in the construction of water electrolysis equipment, hydrogen charging stations, and hydrogen energy storage systems (HESS) through this investment attraction.
The company’s important business is the hydrogen-carbon convergence project, which converts carbon dioxide generated from extracted hydrogen production plants and hydrogen fuel cell power plants into synthetic gases such as hydrogen and carbon monoxide through a plasma carbon conversion device.
Kim Ki-young, CEO of Hyojin Autotech, said, “We will fulfill our role as the only Korean company that simultaneously promotes the carbon resource conversion and hydrogen business that are well suited to the achievement of a carbon-neutral national strategy while solving the carbon dioxide generation problem in the hydrogen manufacturing process.