Grinda Co., Ltd. (CEO Hwang Gyu-yong), an eco-friendly bio-aviation fuel (Bio-SAF) raw material development company, announced that it has attracted Pre-A series investment. The investors who participated in this round include AI Angel Club, Bluepoint Partners, Oracle Venture Investment, as well as 'AI Angel-CNT Tech Private Investment Association No. 2' and 'CNT Tech-DB Dream Big Investment Association' jointly formed by AI Angel Club and CNT Tech, and this round is scheduled to close in May.
Grinda is attracting attention by developing a technology that transforms unused oils that were treated as waste into bio-aviation fuel and plastic raw materials. Grinda produces bio-aviation fuel (Bio-SAF) raw materials through its own dedicated process, and even the byproducts left in the process are upcycled into high value-added bio-plastic raw materials. This is different from the existing method of simply converting sludge into low-grade fuel or feed.
Greenda is securing collection and storage bases in major regions across the country, including Chungcheong and Jeolla provinces, centered around its Chungbuk Jeungpyeong headquarters. In addition, it plans to expand its overseas supply chain in stages by entering the Asian market in earnest through cooperation with its local Japanese corporation.
AI Angel Club Chairman Choi Seong-ho said, “Grindda is developing its business with the vision of recycling all food waste into resources,” adding, “Grindda’s technology, which can simultaneously respond to the climate crisis and practice ESG, will continue to attract the attention of more investors and partners in the future.”
“Grindah is focusing on moving beyond solving waste problems to converting them into new industrial resources,” said Hwang Gyu-yong, CEO of Grinda. “We will continue to take the lead in the carbon-neutral era with eco-friendly energy technologies through technological advancements and global partnerships.”
- See more related articles
You must be logged in to post a comment.