Signed MOU with IEEPA to construct joint R&D project construction together with Ecophytech
Organized TF Team for promotion of national projects with participation of Daegu City, Gyeongsangbuk-do, regional universities, and environmental, energy and bio companies
[August 13, 2014]

 As part of the global exchange and cooperation support program of the Daegu R&D Special District (Ministry of Science, IT and Future Planning), the YU Industry-Academic Cooperation Team (Leader Park Jin-ho) was invited by the Chinese government energy and environmental advisor group, IEEPA (International Energy Conservation and Environment Protection Association) to participate in the International Energy Conversation & Environmental Protection Industries Promotion Conference of the Central and Western Regions (IPCW) held in Beijing, China on July 26, 2014. They attended this event that presented the political views for the development of energy conservation and environment-friendly industries, while awarding excellent environment-friendly products and companies.

 A forum for international technological exchange of <industry-academic-research> by environment-friendly companies was held on July 27. On this day YU (President Noh Seok-kyun) signed an MOU with IEEPA for the construction of a joint R&D project for the industrialization of high-efficiency biomass production technologies of carbon-reducing microalgae in Inner Mongolia of China based on LED-IT and solar energy technologies together with Ecophytech (CEO Kim Mi-gyeong), a bio venture company that is leading the industrialization of international microalgae (carbon-reducing photosynthesis).

 Before YU inviting IEEPA secretary general Jon Li in September, after signing the MOU a national project TF team to find R&D projects of interest by both Korea and China in the environment and energy sector was organized. In result, Daegu, Gyeongsangbuk-do, local universities, and environment, energy and bio companies participated to pursue the <Northeast Asia R&D Hub Construction Project) to realize a creative economy in Korea, China and Japan to do its part in economic development.

 As part of plans to foster China's energy and environment-friendly companies through China's IEEPA international exchange network, it aims at sharing Northeast Asian marketing by working with YU's LED-IT and solar power energy research facilities to construct environment-friendly and waste-zero recirculation cultivation facility automatic control system test-beds with carbon-reducing microalgae biomass cultivating facilities. By doing so, it plans to establish a forward base for microalgae bio material industrialization to apply microalgae biomass mass production facilities in the desert afforestation site of Inner Mongolia to jointly produce environment-friendly materials and products.

 Through participation various environment-friendly small & medium companies including Ecophytech and green companies of Inner Mongolia, it aims at not only sharing marketing businesses focusing on the Northeast Asian and world market, but also, YU, which is charge of fostering human resources hopes to provide global jobs for graduates, while giving students the opportunity to learn and experience employment. In addition, by developing a business model for profit-seeking businesses through technology transfers in Northeast Asia, it will provide a cornerstone for profit businesses of local colleges and universities.