South Korean eco-friendly bio-sustainable aviation fuel (Bio-SAF) feedstock developer Green-DA has secured investment from the CNTTech-DB Dream Big Fund, jointly established by CNTTech and DB Capital. This funding will accelerate Green-DA’s efforts in advancing Bio-SAF development. The company had previously received investments from Infobank, Bluepoint Partners, and others.  

The investment was driven by recognition of Green-DA’s proprietary technology, which produces Bio-SAF feedstock from discarded food waste, as well as the company’s strong growth potential in the eco-friendly energy market.  

Green-DA utilizes its independently developed zero-wastewater process and additive technology to upcycle unused oils into Bio-SAF feedstock. Recently, the company signed a raw material supply agreement with a domestic oil refinery to strengthen its sales operations. With this new investment, Green-DA plans to expand production capacity and accelerate its entry into international markets.  

Last year, the company established a plant in Chungbuk with a monthly production capacity of 500 tons. Green-DA has since achieved significant research milestones in bioenergy, including the production of biodiesel and bio-heavy oil from food waste. This year, it aims to expand its raw material procurement network to the Jeolla region, with plans to extend it further to Gyeonggi Province next year. The company is also in the final stages of obtaining ISCC certification for exports and is fast-tracking its global market expansion through partnerships with major corporations.  

Choi Hyun-soon, Team Leader at CNTTech, stated, “Bio-SAF can reduce carbon emissions by up to 80% compared to conventional fossil fuels, making Green-DA a highly competitive player in the global eco-friendly energy market.”  

Kang Seok-min, Team Leader at DB Capital, added, “Green-DA has developed a technology that repurposes fried food scraps, which are typically treated as general waste, to help alleviate the shortage of Bio-SAF feedstock. The company is poised for rapid growth in both domestic and international markets.”  
Hwang Kyu-yong, CEO of Green-DA, commented, “This investment will allow us to expand our domestic operations and strengthen collaborations with both domestic and international refiners, helping us establish a strong foothold in the eco-friendly energy market. We will continue to develop cutting-edge technologies to contribute to achieving carbon neutrality.”