(Preparation of the foothold of Korea-Canada convergence scientific technology business through export of Korean technology)
KIER (a head, Dr. Kwak Byong Sung) and Highbury Energy who is Canadian new renewable energy enterprise held commercializing license contract of biomass liquefaction technology in Vancouver, Canada on the last December 4.
This commercializing license contract was made by transferring biomass liquefaction technology, a part of coal liquefaction technology KIER possesses, in December of the last year and the contents include the right to perform same technology in North America. Biomass liquefaction technology transferred to Highbury Energy is liquefaction technology that produces synthetic oil (such as jet oil, diesel, etc.) from biomass such as wasted wood. The synthetic oil made by the technology can reduce CO2 generation up to 80% the mostly in comparison with the oil when used as gasoline, etc.
Highbury Energy will progress the project that establishes biomass liquefaction demonstration plant by combining their bio-mass gas technology and institute’s liquefaction technology and do the business of commercialized plant. Therefore, it is expected to be highly helpful to achieve the goal of CO2 release reduction in Canada and North America.
On the other hand, Dr. Jung Heon who is vice-president of KIER and Thomas Hobby who is a president of Highbury Energy participated in this ceremony as representatives as well as Kim Kun, a consul general at Vancouver, and Sam Sullivan, a member of BC government, also participated to celebrate the exchange of scientific technology between Korea and Canada.