Green-DA, a South Korean company producing bio-aviation fuel from fried food waste, announced on December 12 that it secured a pre-Series A investment from Bluepoint Partners. The investment amount was not disclosed.

Green-DA holds proprietary technology for producing bio-aviation fuel from fried food waste. Since its establishment in 2022, the company has enhanced resource recycling by using food waste, becoming the first bio-energy company in Korea to obtain a food waste processing license.

This year, Green-DA built a production facility with an annual capacity of 6,000 tons of bio-aviation fuel feedstock and began operations in the second half of the year. Within three months, the company secured 500 collection partners, including public institutions, major corporations, and small businesses, collecting 200 tons of fried food waste monthly.

Green-DA’s projected annual revenue for this year is approximately KRW 1 billion (about USD 750,000). The company aims to expand its collection partners to 2,000 by next year, targeting annual sales of KRW 10 billion (about USD 7.5 million). With the recent investment, Green-DA plans to accelerate the commercialization of its bio-aviation fuel feedstock.

As global demand for bio-aviation fuel surges, competition for feedstock has intensified. Green-DA’s unique technology for producing bio-aviation fuel from fried food waste has drawn significant domestic and international interest.

Nam-ki Min, Chief Investment Officer at Bluepoint Partners, stated, “Amid growing global demand for bio-aviation fuel, Green-DA’s waste collection solution and fuel production technology offer potential solutions to two critical challenges: waste management and sustainability in the aviation industry.”

Green-DA CEO Kyu-yong Hwang added, “Developing sustainable fuel technology is essential for the global aviation industry. We aim to strengthen our competitiveness in the international market through waste-based bio-aviation fuel production.”