All the News on Eco-friendly Energy Solutions: VINATech News

"Project to prepare for the establishment and production of business sites" Carbon Research Sold Out Technology Applies to Global Competitive Materials"The first step is research and development of secondary batteries. I encountered carbon in the 1990s when I was researching secondary batteries. I focused on researching carbon, thinking that if carbon is not used when developing batteries, secondary battery technology is useless. Then, I founded Nexen Nanotech and developed eco-friendly carbon nanomaterials. In 2013, I acquired and merged with Vinatech to take charge of electrodes, catalysts, and supports, which are hydrogen fuel cells."CEO Jeong Han-ki, who started his business at Vinatech in 2013, said that R&D of secondary batteries was his first start. Feeling that carbon was the most important factor, he desperately conducted research and founded Nexen Nanotech in 2002. A company called Vinatech has already acquired and merged with Vinatech because it fits well with his direction."It is the same for other fields, but it is difficult to have global competitiveness, especially in terms of materials. It cannot be said that Korea purchased raw materials from overseas and carried out the final process in Korea, so it is not easy to localize them. In addition, it is not easy to localize materials in Korea because the perspective on materials is three years short. We need to establish an infrastructure that will wait for R&D in the material field in the long run."When asked about Korea's fuel cell localization and technology, he said that the localization process is not easy because it is too short, and it is difficult to have global competitiveness without changing the overall view of materials. In addition, he emphasized that the concept of localization is not established in the case of overseas products from the raw materials of localization."Demand for hydrogen fuel cells is increasing not only in Korea but also in Europe, China, and India, mainly in trucks and buses. China has established a policy strategy and invested a lot of money and manpower in the hydrogen market to focus on the commercial vehicle market, while Europe is also focusing on the commercial vehicle market. I believe that the hydrogen fuel cell market will open significantly only when the price of MEA falls to the level of 25% today. As we have to make headway with materials and technologies in the global competitive market, we have a lot of homework to solve."CEO Chung said fuel cells are likely to take up a large portion of fossil fuel alternatives that are being reduced worldwide, adding that the current shortcomings can be overcome with technology over time. He said that as the number of commercial vehicles is increasing worldwide, the price of MEA, a key component of fuel cells, must fall to compete with foreign companies."Just as we pioneered and settled in the existing supercapacitor market, Vinatec will be one of the two pillars that will lead the company's growth by substituting hydrogen fuel cells for hydrogen fuel cells. In order to start the hydrogen fuel cell business in earnest, we are building an additional business site in the second complex of the Wanju Techno Valley and preparing technology for mass production. Our goal is to generate 1 trillion won in sales within 2030. If you have been a pursuer so far, you will become a leader in the future. In other words, we want to become a game changer in our business."CEO Jeong Han-ki said Vinatech will leap forward to become a global eco-friendly energy company, adding that the hydrogen fuel cell business is increasing its share of sales. In particular, he was confident that within two to three years, we will be able to secure new growth engines through differentiated product competitiveness in the market and face an inflection point of growth.*Source: (http://www.gasnews.com/news/articleView.html?idxno=113632)  2024-01-08

Vinatech Co., Ltd. walk around the international arena as a supercapacitor  Sung Do-kyung, CEO of Vinatech Co., Ltd Founded in 1999, Vinatech Co., Ltd. is a small, wealthy, and market company that specializes in developing and producing materials and parts for hydrogen fuel cells and 'supercapacitors', which are eco-friendly energy storage devices. "Supercapacitor," which is in the spotlight as a next-generation energy storage device, stores energy and supplies high-power current instantaneously when needed, resulting in high energy output, long life, fast charging and discharging. Based on this, it is continuing its high growth trend by expanding its scope beyond smart meters and solar power plants to eco-friendly and high-efficiency industries such as hydrogen cars, trams, medical devices, and drones. According to BCC Research in May 2023, the global market size of supercapacitors is expected to grow from $4.6 billion in 22 years to $9.6 billion in 27 years, exceeding 16% of the annual average (CAGR 2022-2027). Since 2004, Vinatech has established the manufacturing base of this industry, believing in the growth potential of the supercapacitor sector, and in 2010, it developed and succeeded in mass-producing the world's first 3.0V supercapacitor. In this regard, it secured intellectual property rights through patent registration at home and abroad and proved the degree of technology completion. As a result, it was transferred to KOSDAQ (KOSDAQ) in 2020 and was selected as the "100 Small and Medium Businesses in the Material and Parts Industry" and won the CONEX Grand Prize. What is noteworthy is that it has consistently focused on the development of original technologies for materials and parts equipment for about 20 years from the beginning of its foundation. Thanks to its efforts, it was able to win the title of world No. 1 in the medium-sized supercapacitor field, and now it has about 30% of its employees as R&D professionals. In addition, growing into a company with a solid technology base, including 160 domestic and foreign patents and eight technology and quality certifications, is a strategy or strength unique to Vinatech that is differentiated from other manufacturing companies. Behind Vinatech growth, related organizations in Jeollabuk-do, including the Jeonbuk R&D Special Zone, played a big role. Through various networks and R&D projects, successful industry-academic cooperation cases are being created. Since it was first designated as the fourth high-tech company in 2017, it has received full-cycle support from prototype production to test certification and market acquisition through the Jeonbuk Special Zone's Growth-Customized Package Support Project." In addition, in 2022, a linking lab was promoted for joint research and development between KIST Jeonbuk Composite Materials Technology Research Institute and Vinatec. Linking Lab is a project designed to develop technologies that meet corporate demand and increase the likelihood of success in commercialization through joint research between companies and research institutes, rather than technology development and transfer centered on technology providers. The Jeonbuk Special Zone has pushed for a project called "R&D on Carbon Materials related to Improving the Durability of Hydrogen Fuel Cell Catalyst Layer" in anticipation of finding consumer-oriented technology through the development of technology tailored to corporate demand through a specialized project contest. The project cost worth 4.6 billion won was invested over two years. Recently, an MOU was signed to promote convergence research and education in local industries, universities, and research teams including Vinatech received 2.2 billion won for this year's project alone and 20 billion won for the next 10 years in local industries. This project was designed to contribute to technology start-ups and growth of local companies for convergence research results through business feedback and support for BM establishment. In addition, a lot of effort is being made to revitalize the local economy. Jeonbuk Province-KDB Development Bank and others also participated in the creation of a fund worth 140.6 billion won for 10 years until 2032 to foster Jeonbuk startups. This is a senior company that has been invested in local funds, leading the way to create an investment culture, expand exchanges between senior and junior companies, and contribute to fostering junior companies. Vinatec, which has peaked in the super capacity field, is preparing new foods. It plans to research and develop core components of hydrogen fuel cells and expand production capacity that will accelerate the hydrogen economy. In 2022, it signed a contract with the Korea Energy Research Institute located in Daedeok Special Zone for 'core technology and know-how in mass production of electrostatic electrospray-based fuel cell MEA' related to technology transfer for fuel cell core parts. As a result, it has secured original technologies and mass production technologies that can reduce product unit costs by overcoming problems that occur during mass production of MEA. With the introduction of this technology, Vinatech is expected to achieve rapid business expansion in overseas markets by achieving a technological super-gap and overcoming the challenges of expanding the fuel cell market. In addition, KB Securities and others are discussing a long-term supply partnership contract with Germany's global automotive parts company for membrane electrode assembly (MEA), and estimate expected sales of about 1 trillion won with the goal of producing 100,000 hydrogen trucks a year by 2030. "We have been able to successfully develop and commercialize technology through various R&D projects, and we need to support and expand special zones so that more companies can enjoy these benefits," said Sung Do-kyung, CEO of Vinatech. "Since Vinatech has also secured new growth engines beyond the existing market, it will face an inflection point of changes in the company such as sales and size in 2024, and will be on a full-fledged growth trajectory in 2025." *Source: (https://www.jeollailbo.com/news/articleView.html?idxno=713852)    2023-12-06

Jeonju University and Vinatech Co., Ltd. Sign an agreement to select scholars to train local energy professionals  Jeonju University (President Park Jin-bae) has signed an agreement with Vinatech Co., Ltd. to select industry-academic scholarship students to cultivate energy professionals. Jeonju University (President Park Jin-bae) has signed an agreement with Vinatech Co., Ltd. to select industry-academic scholarship students to cultivate energy professionals. 　Jeonju National University announced on the 20th that it signed an agreement with 11 officials from the two organizations, including Sung Do-kyung, CEO of Vinatech Co., Ltd., and Park Jin-bae, president of Jeonju National University. 　The main contents of the agreement are △ training experts in power conversion technology and energy △ selecting industry-academic scholarship students for graduate students in power energy △ carrying out industry-academic cooperation projects between universities and companies △ mutual cooperation and exchange such as support for field training and research activities. 　As a result, Jeonju University's Department of Electrical and Electronic Engineering will select students who are needed by companies among graduate students (including academic and master's-linked courses), and Vinatech will pay necessary scholarships such as tuition.  　"Vinatech is a company specializing in producing super-capacitors," said Sung Do-kyung, CEO of Vinatech Co., Ltd. "As businesses such as secondary batteries and hydrogen fuel cells are in full swing, more talented people are needed." 　In response, President Park Jin-bae said, "In order to grow into the world's No. 1 supercapacitor company, Vinatech is leading efforts to invest in R&D, foster local youth, and innovate and develop local industries," adding, "To support this, Jeonju University will continue to do its best to foster talent and promote industry-academia cooperation." *Source: (https://www.domin.co.kr/news/articleView.html?idxno=1447800&sc_section_code=S1N10)    2023-11-20

Vinatech Co., Ltd. has been practicing love for its neighbors for 13 years Delivery of kimchi and rice worth 16 million won for the underprivileged in Deokjin-gu for 13 years   Vinatech Co., Ltd. (CEO Sung Do-kyung), located in Palbok-dong, Jeonju, provided 200 boxes of 10kg of kimchi and 200 packs of 10kg of rice (worth 16 million won) with love for neighbors to underprivileged families in Deokjin-gu (Mayor Choi Byung-jip). Vinatech Co., Ltd. is an eco-friendly energy storage device (super capacitor) and fuel cell manufacturer that collects 1% of employees' salaries and participates in volunteer activities to achieve a people-centered world of living together. Vinatech Co., Ltd., which has been donating kimchi and rice to Deokjin-gu for 13 years since it moved its factory to Jeonju in 2011, delivers kimchi and rice made carefully with its employees to Deokjin-gu, and has become a great model for the local community through continuous donation activities even in difficult times. Sung Do-kyung, CEO of Vinatec, said, "I hope that families who will receive kimchi made with one heart with employees can enjoy it and spend a little warm winter," and added, "We will continue to contribute to creating a world where we live together by continuously sharing love with our neighbors." Choi Byung-jip, head of Deokjin-gu Office, responded, "We would like to express our gratitude to Vinatech Co., Ltd., which has been practicing continuous sharing for marginalized neighbors for 13 years, and we will deliver the donated kimchi and rice to neighbors in need with a warm heart." *Source: (http://www.jtnews.kr/news/articleView.html?idxno=61773)   2023-11-20

Jeonju Mayor Woo Beom-ki listens to difficulties visiting Vinatech  Jeonju Mayor Woo Beom-ki visited the site of a small but medium-sized company, the main pillar of the local economy, and listened to the difficulties. According to the city on the 11th, Mayor Woo Beom-ki visited the Jeonju headquarters of Vinatech and the Wanju New Plant, a local small and medium-sized company. Mayor Woo listened to CEO Sung Do-kyung's explanation of the company's current status and vision, such as energy storage devices and hydrogen fuel cells, and discussed difficulties at the corporate site and ways to foster the industry. "Vinatech is actively conducting research and development at Jeonju headquarters, R&D research institutes, Wanju new plant (fuel cells), Vietnamese corporations (production bases), and Anyang Global Sales Office, and will further secure economic performance and quality competitiveness by expanding eco-friendly businesses with the completion of plant 2 and 3 next year," said Sung Do-kyung, CEO of Vinatech. "The city of Jeonju should take the lead in discovering and seeking solutions to unreasonable corporate regulations such as various licensing regulations in corporate activities." In response, Mayor Woo Beom-ki said, "The participation of SMEs with proper will is very important for the regional economy and the development of the Korean hydrogen industry," adding, "We will actively support the needs of regions and companies to promote the hydrogen industry." Meanwhile, Vinatec (CEO Sung Do-kyung) was founded in July 1999 and currently employs 170 people, and it is a representative technology steel company in Jeonbuk that was selected as one of Korea's top 100 small and medium-sized companies in 2019 and listed on the KOSDAQ the following year in 2020. *Source: (https://www.jeollailbo.com/news/articleView.html?idxno=707549)    2023-10-11

Vinatech Introduces Vertical Integration of H2 MEET 2023's Collective Production of Key Parts for Hydrogen Fuel... "The completion of the 2nd and 3rd Plant next year will raise the world level."  Introducing the original technology of Vinatech's Carbon Nano Fiber (CNF) participating in 'H2 MEET 2023' Vinatech (CEO Sung Do-kyung) participated in H2 MEET 2023 held at KINTEX's 1st Exhibition Center in Goyang, Gyeonggi Province from September 13th (Wednesday) to September 15th (Friday) and introduced research and development of key parts of hydrogen fuel cells and expansion of production capacity. Above all, Vinatech introduced itself as the only company in Korea that has achieved vertical integration to produce four core components of hydrogen fuel cells, which are directly researched and developed based on carbon: support, catalyst, MEA, and separator. Among them, carbon activation, carbon shape control, carbon complexation, metal catalyst synthesis, and attachment technology have been developed and commercialized, along with securing the original technology for "CNF (Carbon Nano Fiber)." In particular, the "support", a key material of fuel cell catalysts, is a CNF or highly durable carbon black product with excellent crystallinity and specific surface area and is resistant to carbon corrosion, and the catalyst supports a large electrochemical reaction area and stability. In addition, MEA, a key component of the fuel cell stack, can be customized to meet the needs of customers and applied to various fuel cell applications such as automobiles, building power generation, drones, and construction machinery, and has high performance and strong durability. In addition, as a manufacturer specializing in supercapacities, which are energy storage devices, it provides cylindrical, hybrid, and hybrid lithium capacitors.  View of Vinatec booth participated in 'H2 MEET 2023' An official from Vinatech said, "MEA is currently operating a million-page line and is expected to secure world-class production and quality competitiveness except for Hyundai Motor along with expanding eco-friendly businesses with the completion of factories 2 and 3 next year." Meanwhile, the H2 MEET (Mobility + Energy + Environment + Technology) is a hydrogen industry exhibition held for domestic and foreign companies and institutions in the field of ▲hydrogen production ▲hydrogen storage and transportation ▲hydrogen utilization. The event is hosted by the H2 MEET Organizing Committee (Korea Automobile Mobility Industry Association, Hydrogen Convergence Alliance, Hydrogen Energy Network, Korea Energy Agency, and Korea Federation of Industries Forum), and the main sponsors are Chevron, TUV Rheinland, BP, Korea Hydro & Nuclear Power, Phobia, and Korea Institute of Construction Living Environment Testing. During the exhibition, the K-BATTERY SHOW 2023) was held together.  Super capacitor products, energy storage devices introduced by Vinatech participating in 'H2 MEET 2023'  *Source: (https://kr.aving.net/news/articleView.html?idxno=1784257)    2023-09-23