[Special Stock] Glovon Produces Hydrogen from Waste Plastic... Expected to Solve COVID-19 Disposable Issue

[Asia Economy Reporter Hyungsoo Park] Glovon is showing strength. It appears that the news of Gangwon Province securing technology to extract hydrogen from waste vinyl and plastic and moving towards commercialization is influencing the stock price.

As of 10:17 AM on the 18th, Glovon is trading at 4,130 KRW, up 4.29% from the previous day.

Gangwon Province recently decided to proceed with a demonstration project to produce hydrogen by applying plasma to waste synthetic resins such as plastic and waste vinyl, in collaboration with Taebaek City, Gangwon Technopark, and plasma specialist company Green Science. This is expected to address the surge in disposable plastic waste caused by COVID-19 and simultaneously produce hydrogen, achieving two goals at once.

Earlier this year, Glovon acquired a 51% stake in Green Science, owned by plasma scientist Dr. Bongjoo Lee of Handong University. Dr. Lee will focus on research and development (R&D), while Glovon will handle capital, sales, and marketing to actively advance the green environmental energy business.