BioX Selected for Eco Startup Support Project... "Promoting Integrated Process for Carbon Neutral Green Hydrogen Production"

[Asia Economy Reporter Hyunseok Yoo] BioX announced on the 7th that it has been selected for the ‘2021 Eco Startup Support Project’ organized by the Korea Environmental Industry & Technology Institute.

Through this support project, BioX plans to develop a practical carbon-neutral green hydrogen process technology based on the ‘eH2-Gen System’ technology, a green hydrogen production system utilizing Korean-style food waste leachate.

The products developed based on BioX’s research funds and the support project are Korean-style food waste leachate pretreatment facilities and green hydrogen (H2) production modules. After development, it is expected that over the next five years, with 20 new personnel and investments of more than 10 years annually, the products will be commercialized to secure sales in the green hydrogen business.

According to the Ministry of Environment, the daily amount of food waste generated domestically is 15,000 tons, reaching 5.5 million tons annually. The annual treatment cost amounts to approximately 1 trillion KRW. Green hydrogen production utilizing waste resources such as Korean-style food waste leachate is expected to grow significantly.

BioX plans to enter the market initially based on government support such as public food waste treatment facilities. Afterwards, it aims to expand sales by creating a revenue structure centered on the B2B market.

A company official explained, “Following the hydrogen economy activation roadmap, the government plans to announce a green hydrogen power generation roadmap this year, so it is expected to accelerate securing green hydrogen. Byproduct hydrogen, which requires chemical fuels for production, and extracted hydrogen, which generates carbon dioxide during production, have limitations, highlighting the increasing importance of green hydrogen production.”

He added, “The green hydrogen process technology to be developed through this support project by BioX is gaining more attention because it utilizes food waste leachate, thereby solving the food waste problem. In addition to reducing food waste treatment costs, we plan to create a revenue model through green hydrogen sales.”

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