August 28, 2025
On 22 August, Biofriends Inc. and Cheongmyeong Co., Ltd., signed a Memorandum of Understanding (MoU) to build Korea’s first commercial-scale biogas-based methanol production plant, which will supply fuel for the domestic fleet.
As announced, this agreement is significant as it marks the starting point for the full-scale commercialization of eco-friendly fuel production using domestically produced biogas.
The produced biomethanol will initially be supplied as an eco-friendly fuel for domestic methanol-powered vessels, expected to enhance the competitiveness of the domestic shipbuilding and shipping industries in line with the global trend toward carbon neutrality in the shipping market, while also contributing to the achievement of national greenhouse gas reduction goals.
In line with the current administration’s key pledge to proactively address the climate crisis for future generations, we will continue to build biogas production facilities that recycle organic waste resources and transform into a specialized supplier of eco-friendly, renewable energy raw materials.
…Na Min-soo, CEO, Cheongmyeong Co., Ltd., stated.
Furthermore, a portion of the produced biomethanol will be converted to DME (Dimethyl ether) and used as a LPG-DME blended fuel. DME is considered a clean fuel that emits virtually no pollutants such as SOx and NOx and significantly reduces CO₂ emissions.
Also, its similar physical properties to LPG allow for the utilization of existing infrastructure. When used as a blended fuel, it can reduce carbon emissions and contribute to achieving Korea’s carbon neutrality.
The success of Korea’s first commercial-scale plant will go beyond mere technological verification and serve as an opportunity to create new markets. It will be a turning point for leading the decarbonization of the shipping and energy industries while simultaneously securing ESG values and business growth.
…said Cho Won-jun, CEO, Biofriends.
