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Launched in 2022 within the UNIST Engineering Research Institute, the UNIST Carbon Neutrality Demonstration and Research Center has been promoting the scale-up demonstration based on low-carbon source technology, encompassing the entire cycle of carbon neutrality demonstration. The center aims to provide the best corporate-friendly business solution not only in the traditional industries, but in the environmentally friendly industries, or the so-called green industries for the future. It also intends to serve as a platform that connects industry, academia, public research organization, and government to drive collaborative innovation.

Accordingly, the UNIST Carbon Neutral Demonstration Research Center has recently embarked on a new partnership with Carbon Value Co., Ltd. to pursue collaboration on fundamental, academic research related to carbon capture, as well as the demonstration of key carbon neutrality technologies.

A ceremony to mark the signing of a Memorandum of Understanding (MoU) between the two organizations also took place at UNIST on March 28, 2023. The ceremony has been attended by Dean Sung Youb Kim of UNIST Engineering Research Institute, Director Hankwon Lim of UNIST Carbon Neutrality Demonstration and Research Center, Professor Yongwon Seo (Head of Graduate School of Carbon Neutrality), Professor Youngkook Kwon (School of Energy and Chemical Engineering, UNIST), President Deoksoo Ko of Carbon Value Co., Ltd., and other key representatives from both organizations.

During the ceremony, Director Lim shared the overview, present condition, and future prospects for the UNIST Carbon Neutrality Demonstration and Research Center, the Graduate School of Carbon Neutrality, and the Carbon Neutral Institute. President Ko of Carbon Value Co., Ltd. also shared vision and goals for the future of Carbon Value Co., Ltd., and thus discussed his plans for joint research projects with UNIST.

The two organizations have agreed to cooperate in securing source technologies, including the rotating packed beds (RPBs) for CO2 capture and the process design and flow analysis related to H2 stripping technologies, specializing in CO2 capture and e-Fuel production. They have also decided to cooperate with each other in conducting commercial-level technology development, and actively consult with each other on business development, as well as the implementation plans for related technologies.