Korea Advanced Institute of Technology, MOU with TTC Group in Vietnam... Biomass local demonstration business started

25 Aug 2023
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Signed a business agreement between the two countries on the 16th... Installation at the site of a TTC sugar cane processing plant near Ho Chi Minh City

Support from the Ministry of Land, Infrastructure and Transport of Korea and the Ministry of Construction of Vietnam... 23.3 billion won
Development of Triple Heat Combined Power Generation Technology... Vietnam and other Southeast Asian power supply issues will be resolved.


Kim Jin-kyun (fourth from left), director of the Korea Advanced Institute of Technology, signed a business agreement with Vietnam's TTC Group with the support of South Korea's Ministry of Land, Infrastructure and Transport and Vietnam's Ministry of Construction. Seong Ho-jin, senior researcher at the Korea Advanced Institute of Technology, Park Rae-sang, director of the National Institute of Land, Infrastructure and Transport, and Bang Hyun-ha, director of the Ministry of Land, Infrastructure and Transport.


[Reporter Ha Jong-sook of the Kukto Ilbo] A triple heat combined power generation demonstration project based on eco-friendly technology of biomass in Korea is expected to play a role in spreading Southeast Asia. On the 16th, the Institute of Advanced Technology (Director Kim Jin-kyun) signed a memorandum of understanding (MOU) with Vietnam's Thanh Thanh Cong Group for overseas empirical research on biomass plants using unused biomass.



The event was held online at the Shilla Hotel in Seoul due to the influence of COVID-19. Vietnam's local empirical research, supported by the Ministry of Land, Infrastructure and Transport, the Ministry of Land, Infrastructure and Transport, and the Ministry of Construction (MOC), will be installed on the site of a TTC sugar cane processing plant near Ho Chi Minh, Vietnam.



The project is expected to be carried out by December 2025 with 23.3 billion won in government-funded R&D expenses. This project was launched as a K-BEST (Korea-Biomassco-Energy Southeastasia Technology Development) research team to spread and distribute Korea's biomass eco-friendly technology to Southeast Asia. 10 domestic institutions (High Technology Research Institute, Seoul City University, Yuseong, Korea Ceramic Technology Institute, Antsu ENC, and Sungkyunkwan University) participate.



Vietnam's TTC Group is a large company with more than 40 years of tradition in energy, real estate, agriculture, and hotels, and not only grows the largest number of sugarcane in Vietnam, but also has very high potential as a demand source. View of attendance at the Vietnam Construction Ministry event. From the left, Professor Dinh Van Hiep of the National Construction University, Deputy Director of the Ministry of Construction, Tang Anh Thu, and Luu Thanh Tung, Administrative Director.


View of attendance at the Vietnam Construction Ministry event. From the left, Professor Dinh Van Hiep of the National Construction University, Deputy Director of the Ministry of Construction, Tang Anh Thu, and Luu Thanh Tung, Administrative Director.



With the signing of the agreement, the two organizations decided to cooperate in ▲ support for demonstration plant business sites ▲ support for sugar cane by-products for demonstration research ▲ support for trial, performance evaluation, and continuous operation ▲ application of research results to TTC Group-owned factories and facilities.



Bang Hyun-ha, head of the Ministry of Land, Infrastructure and Transport's technology policy division, said in a greeting, "We expect to expand to urban waste in the future, which will greatly contribute to solving power supply and demand problems in Southeast Asia as well as Vietnam."



Kim Jin-kyun, president of the Korea Advanced Institute of Technology, said in a welcoming speech, "We look forward to active cooperation in the development and utilization of biomass plant technology and future use of plant facilities so that the Korea Advanced Institute of Technology and TTC Group can grow together."

Reporter Ha Jong-sook



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Busan Headquarter

1107, 60, Centum buk-daero, Haeundae-gu, Busan, Republic of Korea / Operating Hours: Mon~Fri 09:00~18:00 (Flexible Working Hours: 10:00~16:00) 

Corporate Research Institute

Xi Tower A 1407, 67 Saebitgongwon-ro, Gwangmyeong-si, 
Gyeonggi-do, Republic of Korea 

APP DOWNLOAD

My Daily CO2, Impactful Investments



© 2019 Project Team ATR. All Rights Reserved.