Cheonil Energy Co., Ltd. (CEO Park Sang-won) , an eco-friendly resource recycling company, announced on November 3 that it signed a business agreement with Naver and will pursue ESG cooperation to recycle coffee grounds generated at Naver's 1784 building.
At the signing ceremony, CEO Park Sang-won of Cheonil Energy and Naver I&S leader Lee Dong-hyeon attended and shared their commitment to reclaiming waste from everyday life as recyclable resources and spreading a culture of ESG practice.
Cheonil Energy, through its subsidiary Jiguhada, plans to collect coffee grounds generated by Naver 1784 free of charge every month and utilize its infrastructure to upcycle them into biofuel and eco-friendly materials. This means coffee grounds, previously treated as general waste, will be converted into a resource that reduces greenhouse gases.
Coffee grounds emit approximately 338 kg of greenhouse gases per ton when incinerated, but can be recycled into eco-friendly biofuels or biodegradable materials through recycling processes. From January to September of this year, Cheonil Energy processed a total of 1,870 tons of coffee grounds, reducing carbon emissions by approximately 632 tons. This amount is equivalent to the amount of carbon absorbed by approximately 96,000 30-year-old pine trees in a year.
Park Sang-won, CEO of Cheonil Energy, said, “It is very meaningful to be promoting resource recycling cooperation with a leading technology company in Korea,” and added, “Starting with coffee grounds, we will take the lead in expanding the circular economy by turning everyday waste into valuable resources.”
Naver I&S and Naver Hands CEO Noh Se-gwan said, “A small act of a cup of coffee can spread throughout corporate culture and the urban ecosystem,” and added, “We will continue to expand sustainable ESG activities with various partners.”
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