[Special Stock] Esconec Rises on Spotlight for Green New Deal Technologies Including Solar-Powered Hydrogen Production

[Asia Economy Reporter Minwoo Lee] Esconec's stock price is on the rise. The fact that it possesses core technology for resource recovery of greenhouse gases, as well as technology to produce hydrogen and carbon using solar thermal energy, appears to have been highlighted in connection with the government's Green New Deal policy.

As of 10:53 AM on the 10th, Esconec's stock price recorded 2,055 KRW, up 12.30% from the previous day. The possession of various energy utilization technologies aligned with the government's Green New Deal policy seems to have acted as a positive factor.

Esconec holds core technology for resource recovery of greenhouse gases. Representative technologies include producing hydrogen and carbon by utilizing solar thermal energy from biomethane generated at food waste, livestock manure and sewage treatment plants, and landfill sites. It also has technology to convert carbon dioxide and methane into hydrogen and carbon monoxide using microwave plasma technology.

Using these technologies, the company is also promoting various demonstration projects with the government. From October 2017 to December this year, it has been conducting the Ministry of Environment-led 'Global Top Environmental Technology Development Project,' a research and development demonstration project for hydrogen and carbon production using biomethane as raw material and solar thermal energy. Since June last year, it has also participated in the Ministry of Science and ICT-led Carbon Resource Technology Advancement Project. Through this project, which runs until February 2022, it is advancing the demonstration of carbon resource technology for capturing, converting, and separating carbon dioxide emitted from thermal power plants.