Airrain, Seoul City Gas, and GRES Set to Launch Metropolitan Area Carbon-Neutral Energy Project

Airrain, the only domestic company specializing in gas separation membrane solutions, announced on April 1 that it will join forces with Seoul City Gas and GRES to actively promote carbon-neutral energy businesses.

This agreement aims to jointly promote carbon-neutral energy businesses, including biogas, in the northern Seoul and Gyeonggi regions. The goal is to establish a business model that combines city gas infrastructure, energy data, process design and technology, as well as EPC (Engineering, Procurement, and Construction) capabilities.

The three companies have agreed to focus their respective strengths on carbon-neutral energy businesses throughout the Seoul area, which is within the supply zone of Seoul City Gas, and the northern part of Gyeonggi Province. Airrain will be responsible for business development and process design for carbon-neutral energy, including biogas, as well as the supply and operation of equipment, and will take part in joint efforts to vitalize the business. Seoul City Gas will support the development of potential data on carbon-neutral energy, such as biogas, in the relevant regions and assist with project development. GRES will reliably carry out design, procurement, and construction (EPC) under mutual agreement.

This collaboration is especially meaningful as it will leverage the biogas potential data in the metropolitan area and bring it to the commercialization stage. By establishing a carbon-neutral energy model linked to the city gas-based infrastructure, it is expected to lay the groundwork for the expansion of local energy transition projects in the future.

Ha Sungyong, CEO of Airrain, stated, "This collaboration marks a practical starting point for carbon-neutral energy business based in the metropolitan area," adding, "We will generate business results based on Airrain's process technology and strengthen our competitiveness in the energy transition market in the mid to long term."

Meanwhile, Airrain announced that in February, CEO Ha Sungyong increased his ordinary shareholding through on-market purchases and, reflecting the recent stock dividend, raised his stake from the previous 13.87% to 16.73%. Key executives also increased their holdings by acquiring new shares through the stock dividend, participating in responsible management. These moves, together with last year's cancellation of KRW 20.6 billion worth of treasury shares and this year's decision on a stock dividend, are seen as continued efforts to enhance both corporate and shareholder value through shareholder-friendly policies.

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