Globon, Win-Win Management with Green Science... Transforming into a Green Energy Business

Acquisition of 51% Stake in Green Science
Commercialization of Renewable Energy 'Plasma Torch Technology'
Construction of Next-Generation Anode Material Factory for Silicon Oxide Lithium Secondary Batteries

[Asia Economy Reporter Jeongsoo Lim] Glovon, a KOSDAQ-listed company, is officially entering the green energy business through a win-win management partnership with Green Science, which holds the world's first 'Microwave Plasma Torch (MW Plasma Torch)' technology.

On the 6th, Glovon announced that it had acquired a 51% stake in Green Science, owned by plasma scientist Dr. Bongjoo Lee of Handong University. Dr. Lee will focus on research and development (R&D), while Glovon will handle capital, sales, and marketing to actively advance the green environmental energy business.

According to Glovon, Green Science, established in 2010, succeeded in commercializing MW plasma torch technology. This technology is at least 100 times more efficient than conventional plasma arc torches. Utilizing this, they are currently investing a total of 27 billion KRW to supply electricity to approximately 7,500 households on the site of the Cheoram Station coal loading yard in Taebaek City, Gangwon Province.

Additionally, Green Science is constructing the world's first '3-megawatt (MW) plasma coal gasification combined cycle (IGCC) renewable energy power plant' capable of producing green hydrogen. This technology uses a gasifier equipped with an ultra-high temperature plasma torch exceeding 3,000 degrees Celsius to gasify low-grade coal, waste wood, various household wastes, waste plastics, and waste vinyl, converting these low-efficiency, high-pollution wastes into gas in an eco-friendly manner without greenhouse gas emissions.

Besides the power plant, Green Science is also engaged in various waste gasification treatment projects. While utilizing various highly polluting flame-retardant fuels and materials, they have established demonstration clean incineration plant models that do not emit toxic gases such as dioxins, sulfur oxides, and nitrogen oxides, accumulating operational data.

Furthermore, by integrating MW plasma torch technology, they are negotiating with Sejong City to build a factory capable of producing up to 50 tons per day of next-generation anode materials for silicon oxide lithium secondary batteries, nickel and nickel alloy nanopowders, and lithium ribbons. Glovon explained that this factory is planned to start production within this year.

According to Variant Market Research, the global lithium-ion battery market is expected to grow at an average annual rate of 10.6%, reaching 56 billion USD by 2022. In particular, lithium-ion batteries used in the automotive sector are anticipated to see a surge in demand in line with the era of electric vehicles.

A Glovon official stated, "Through the acquisition of Green Science, we have been able to lead the domestic renowned plasma scientist and the world's first renewable eco-friendly power plant business and secondary battery materials business as our core businesses," adding, "We have gained an opportunity to leap forward as a leading company in the green environmental energy sector."

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