First Foreign Joint Venture Moves into Daegu Water Industry Cluster... "Exclusive Asian Rights to the 'Deodorization Market'"

One Year After Signing a Four-Party Business Agreement at Last Year's US Water Environment Exhibition
'Odin' Original Technology Developer Becomes the Unrivaled No.1 Company in the US Industrial Deodorization Market

On September 23 last year, at the Water Environment Exhibition in Chicago, USA, Mayor Kwon Young-jin is seen taking a commemorative photo after signing a four-party business agreement with company representatives from Bugang Tech Co., Ltd., Biorago, and Tomorrow Water to cooperate in the water industry and establish a joint venture.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Odin Co., Ltd., the first overseas joint venture in the Daegu National Water Industry Cluster, moved in on the 1st and is set to dominate the industrial odor removal 'deodorization market.'

It has been one year since Daegu City signed a four-party business agreement last September at the Chicago Water Environment Exhibition in the U.S. with Bugang Tech Co., Ltd., Bio Largo, and Tomorrow Water to cooperate in the water industry and establish a joint venture.

Odin is the first overseas joint venture to move into the National Water Industry Cluster and will serve as a foothold for entering the Asian market. Bugang Tech Co., Ltd., which participated in establishing the joint venture, is a leading wastewater treatment solution company operating in the U.S., Korea, and Vietnam.

Bio Largo, the developer of Odin's core technology, is renowned as the undisputed No. 1 company in the industrial deodorization market in the U.S. Its main product, the deodorizer (product name Odin), demonstrates excellent performance in removing odors generated from environmental infrastructure facilities such as sewage treatment plants, livestock farms, and industrial sites.

Odin has proven its odor removal performance at large sewage treatment plants in Seoul, Uijeongbu, and Anyang, food waste treatment plants in Sejong Deungok and Jeju Seogwipo, and livestock manure treatment plants, with some already on sale. Additionally, it is jointly developing a spraying system optimized for the product using deodorization equipment and AI technology with KAIST and Bugang Tech. It is also participating in a food waste resource recovery research project underway in Daegu City.

Im Chae-hyung, CEO of Odin Co., Ltd., emphasized, "With the active support of Daegu Mayor Kwon Young-jin and Daegu City, we established a joint venture based on exclusive rights throughout Asia. We will expand joint research with universities and research institutes in the Daegu and Gyeongbuk regions and grow into a company leading not only the domestic but also the global market."

This content was produced with the assistance of AI translation services.