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[Apha Biz=(Chicago) Reporter Paul Lee] Shares surged for the third consecutive day on news that Ecobio succeeded in developing technology to convert livestock manure and food waste into biogas, an energy fuel.
According to the Korea Exchange on the 13th, Ecobio's stock price closed at 8,240 won, up 27.55% (1,780 won) from the previous day.
Since the 11th, when Ecobio announced its technology development, its stock price has surged 46.64% in three days with individual investors flocking.
On the 11th, Kim Sun-hyung, a researcher at the Clean Fuel Laboratory at the Korea Institute of Energy and Technology, said that he and Eco Bio Holdings have developed a technology that converts biogas, including high concentrations of hydrogen sulfide, into high purity methane, increasing the possibility of commercialization.
Researchers have developed a technology to convert biogas, including high concentrations of hydrogen sulfide, into high-purity methane and applied it to demonstration facilities. Biomethane made with this technology is similar in nature to natural gas, so it can be used as fuel for urban gas, CNG vehicle, and hydrogen production raw materials.
The technology developed by the researchers produces more than 97% of high-purity biomethane by removing hydrogen sulfide, carbon dioxide and moisture from biogas. In particular, thousands of ppm of high concentrations of hydrogen sulfide can be removed at low cost.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
