In South Korea, Biofriends Inc. and Cheongmyeong Co., Ltd. signed a Memorandum of Understanding (MOU) to build Korea’s first commercial-scale biogas-based methanol production plant. This agreement is significant as it marks the starting point for the full-scale commercialization of eco-friendly fuel production using domestically produced biogas.
Bio Friends previously conducted a feasibility study on the possibility of producing from 45,000 tons to 100,000 tons per year. Based on this study, the company decided to build and operate a plant that will produce 60,000 to 80,000 tons of biomethanol per year, using 120,000 Nm³ of biogas generated daily from the biogas digester at its Gunsan plant as a raw material. The plan is to apply Biofriends’ synthesis gas conversion technology to increase the added value of domestic biogas while establishing a commercially stable, eco-friendly fuel supply chain.