Greenda, an eco-friendly resource recycling technology company, announced on the 3rd that it has begun raising 3 billion won in Series A funding. The company explained that it is seeking funding to support its growth, as its sales, which stood at approximately 300 million won last year, have increased by over 2,000% this year.
Grinda possesses technology to convert fried food scraps, which were rarely recycled, into high-purity SAF (Sustainable Aviation Fuel) raw materials. This production of SAF raw materials from food waste is considered the first commercialization in Korea, and facilities capable of producing over 10,000 tons annually are currently under construction.
In May of this year, we acquired the international sustainability certification ISCC EU, establishing a system to manage the entire SAF raw material value chain, from raw material collection and production to quality control and delivery, based on certification.
Min Nam-ki, a senior auditor at Bluepoint, said, “Greenda is a company with the potential for growth in the SAF market, waste upcycling technology, and expansion based on international certification,” and added, “Through this investment, Greenda will establish itself as a company representing the domestic SAF industry.”
“Waste materials that were being discarded are being reborn as raw materials for aviation fuel,” said Hwang Gyu-yong, CEO of Greenda. “We will use this investment as an opportunity to expand our nationwide collection network and storage infrastructure, and accelerate our entry into the global SAF raw material supply chain.”
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