Metech Holdings, a domestic startup with livestock methane gas management technology, has signed a memorandum of understanding (MOU) with a Danish government agency and is embarking on a joint project to measure and reduce methane gas.
Metec Holdings announced on the 16th that it signed an official MOU with Business Lolland-Falster (BLF), a regional development organization under the Danish government, in Copenhagen, Denmark. This agreement is attracting attention as it is a case in which Denmark, the first country in the world to introduce a carbon tax (aka 'trim tax') in the agricultural sector, recognized domestic technological prowess and requested a joint project.
The signing ceremony was attended by Steve Kim (CSO), Global Business Director of Metek Holdings, and Stephen Lund, Director of BLF. The two sides agreed to promote technical cooperation and local commercialization to measure and reduce methane gas from livestock using the 'Methane Capsule' developed by Metek Holdings.
'Methane Capsule' is the world's first commercialized oral methane gas measurement device, and is based on technology that measures methane gas generated during the fermentation process in the stomach of ruminants in real time and transmits it to the cloud. It is evaluated to have high precision and practicality compared to existing estimation methods because it allows quantitative measurement for each individual.
Through this MOU, both parties set the following as key cooperation tasks: ▲Promotion of a pilot project (POC) in Denmark ▲Collection of livestock methane gas data ▲Discovery and sharing of best practice reduction cases ▲Joint development of methane reduction technology ▲Establishment of a European data platform ▲Securing local production infrastructure and manufacturing base ▲Establishment of Metec Denmark corporation and personnel organization.
BLF is an agency of the Danish government that supports technology introduction and commercialization through collaboration with startups, research institutes, and industry to expand carbon-neutral agriculture.
Park Chan-mok, CEO of Metech Holdings, said, “Denmark is the first country in Europe to introduce a livestock methane emission tax of approximately 100 euros per head per year, and there is a need for technology to scientifically measure and quantify methane emissions.” He added, “Through this collaboration, our domestic technology has been recognized for its competitiveness in the European market.”
Park also said, “Based on an AI and big data-based system for monitoring and reducing methane emissions, we will build a certification framework that can be used in the global carbon emissions market,” adding, “Our goal is to spread a low-carbon livestock model that can contribute to achieving climate neutrality.”
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