Food upcycling specialist company Reharvest Co., Ltd. (CEO: Alexander Min Myung-jun) and the Nanyang Technological University Transformation Economy Center (Director: Professor Nam-jun Cho) in Singapore announced on the 1st that they signed a memorandum of understanding (MOU) on the 29th of last month to create an upcycling ecosystem utilizing byproduct-based transformation economy technology.
Reharvest is Korea's first food upcycling company that reprocesses waste or low-value-added byproducts from the food manufacturing process into eco-friendly food milling powder ('Renergy Powder') and uses it in both food and non-food sectors.
Nanyang Technological University's Transformation Economy Center focuses on developing technologies to convert waste resources such as pollen and wheat bran into high-value-added resources such as eco-friendly new materials, centered on the concept of the Cross Economy.
This agreement aims to revitalize the domestic food upcycling ecosystem and collaborate on research to develop new materials utilizing byproducts. The two organizations will jointly conduct research on functional foods and new materials such as nanocellulose (CNC, CNF), based on food upcycling raw materials derived from food and agricultural byproducts such as wheat bran and brewer's waste.
As a leading player in the domestic upcycling industry, Reharvest is actively pursuing policy proposals and support activities to expand the ecosystem, including signing a business agreement with Naju City, Jeollanam-do, to establish a carbon-neutral food upcycling industry ecosystem.
Meanwhile, Nanyang Technological University's Transformation Economy Center is contributing to the revitalization of the domestic food upcycling ecosystem through academic and technological exchanges with domestic industry-academia institutions.
“We hope that the food upcycling industry will become more active through research to transform the increasing amount of food byproducts from low-value-added feed and fertilizer to high-value-added resources,” said Min Alexander Myung-jun, CEO of Reharvest. “Through this partnership, we will lead innovation in the sustainable upcycling industry, such as nanocellulose extraction, on the international stage.”
Nam-Joon Cho, Director of the Transformation Economy Center at Nanyang Technological University, said, “I am delighted that food byproducts are being recognized for their value as eco-friendly new materials. We will strive to promote sustainable prosperity through multidimensional technologies, which is the center’s vision.”
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