VTGMP "Contract for Utilizing Carbon Reduction Microalgae Technology Patent... Bio Material Production"

[Asia Economy Reporter Yoo Hyun-seok] VT GMP announced on the 10th that it has signed a contract with Cloud Air and KJ Green Energy centered on the use of microalgae technology for carbon reduction.

VT GMP secured a site for a hydrogen fuel cell power plant in Gumi High-Tech Valley last June. Through power generation business agreements with related organizations such as Gumi City, Gyeongsangbuk-do, and Korea Western Power, as well as this contract for utilizing microalgae patents for carbon reduction, the company is accelerating its renewable energy fuel cell power generation business.

On the same day, VT GMP also obtained construction plan approval for the hydrogen fuel cell power plant from the Ministry of Trade, Industry and Energy, establishing a foundation for the power generation project. Through this patent utilization contract, VT GMP's hydrogen fuel cell power plant in Gumi High-Tech Valley is expected to be the first case applying microalgae carbon capture technology to power generation, marking the first step toward blue hydrogen.

The core of this utilization contract, the patent for microalgae technology for carbon reduction, is an eco-friendly bio-carbon capture technology (CCUS) using microalgae. When generating hydrogen fuel cell power, VT GMP applies its laminating technology to grow microalgae using the carbon dioxide produced. Lutein and astaxanthin are extracted from the microalgae extracts. These can be applied to the development of high-functional cosmetics and bio products.

Additionally, through this contract, VT GMP announced plans to expand production facilities applying the patent not only to the Gumi High-Tech Valley power plant but also to all hydrogen fuel cell power plants.

According to this patent utilization contract, ▲ VT GMP will commercialize cosmetics and bio products using microalgae extracts and collaborate on laminating technology, ▲ Cloud Air will utilize its proprietary microalgae industrial strains, four-season photobioreactor technology, and LED technology, and ▲ KJ Green Energy will commercialize microalgae greenhouse heat supply and carbon reduction facilities for the Gumi High-Tech fuel cell power generation project and systematize carbon reduction technology.

A VT GMP official stated, "Through this patent utilization contract, we plan to proceed with microalgae-based businesses leveraging the technological capabilities of each organization," adding, "By systematizing the carbon reduction system using microalgae, we expect to commercialize approximately 300 tons of microalgae at the first commercialized Gumi High-Tech Valley hydrogen fuel cell power plant, achieving an annual carbon dioxide reduction effect of 2,100 tons and annual sales of about 10 billion KRW."

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