DaeYang EnBio Enters Biorefinery Business with Vietnam MIDC

From the left, Nguyen Thi Thuy Linh, Vice President of Vietnam IED (Institute for Economics & Development) (3rd), Nguyen Binh Minh, CEO of MIDC (Mobile Infrastructure Development Co) (4th), Kim Hwangrae, CEO of Daeyang Enbio (5th), and Park Jongwoon, CEO of Hanseong Cleantec (6th) are posing for a commemorative photo. / Photo by Hanseong Cleantec

On the 7th, Hansung Cleantec's subsidiary Daeyang Enbio announced that it has signed a memorandum of understanding (MOU) with Vietnam's MIDC (Mobile Infrastructure Development Co) for cooperation in the biorefinery business and environmental research and development (R&D).

Daeyang Enbio and MIDC have maintained continuous exchanges regarding their mutual interests in the bamboo biorefinery sector and signed this MOU to explore mutual cooperation and joint business opportunities.

In particular, by utilizing the core technologies and know-how possessed by both companies, they plan to continuously promote ▲ joint R&D in the biorefinery field ▲ development of small- to medium-scale water purification technology using bamboo activated carbon ▲ cooperation for discovering and investing in promising technologies.

MIDC is currently undertaking a bamboo forest cultivation project covering approximately 20,000 hectares in the Thanh Hoa region of northern Vietnam in line with Vietnam's 'NET ZERO 2050' policy. The company is engaged in pellet production using bamboo byproducts, production of high-quality activated carbon differentiated from existing products, and bamboo synthetic fiber business, making it a company attracting attention in the biorefinery business locally in Vietnam.

A Daeyang Enbio official stated, “Taking this MOU as an opportunity, we plan to actively promote R&D projects and material businesses to enhance capabilities in the biorefinery sector, leverage our technology development know-how, gain a competitive edge in the carbon-neutral era, and achieve tangible results.”

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