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Today Bedminster International and Samsung Heavy Industries announced they have
signed a Technology License and Engineering Service Agreement to utilize the
Bedminster BioEnergy Technology in Samsung’s new initiative to become the leading
force in the vast waste management sector, initially in Korea and South East Asia.
Mr. Chunhak Kim, Executive Director, Mr. Jehak Kim, Executive General Manager and Mr.
Younggu Cho, General Manager from Samsung Heavy Industries joined Bedminster
International Chairman, Mr Bill McCabe and Chief Executive Officer, Mr Pearse O’Kane,
for the official signing ceremony at the Headquarters of Enterprise Ireland in Dublin.
Enterprise Ireland Chief Executive Officer, Mr Frank Ryan, along with Ambassador Tae
yong Cho from the Embassy of the Republic of Korea in Ireland were among the many
dignitaries present at this momentous occasion.
Formed in 1974, Samsung Heavy Industries, a wholly owned subsidiary of the world
renowned Samsung Group, has built up annual revenues of $10billion as a world-class
player in the shipbuilding, offshore plant, Engineering & Construction, and digital system
industries. Early in 2008 the Company decided to enter the Korean waste management
sector and elected Mechanical Biological Treatment (MBT) as its preferred technology.
Bedminster International is the Irish entrepreneurial company leading the green movement
in the conversion of municipal waste to compost and/or fuel for green renewable energy.
For many years the patented Bedminster Digester/MBT Technology has been successfully
deployed in the separation and conversion of waste worldwide, with 12 operations already
in North America, Australia and Japan, along with new facilities under construction in
Cheshire England and the Caribbean.
Mr C Kim said, “We invited Bedminster to participate in our global search for a reliable
MBT technology partner and we were extremely impressed with Bedminster’s cooperation
and patience in providing us with vital backup support. Our technical team found the
Bedminster MBT Technology to be robust, economic and safe, with several reference
facilities to prove it worked”.
“During our market research it quickly became apparent that
waste management is now a huge global issue and Samsung Heavy Industries is well
equipped to delivery a safe sustainable solution in Korea and overseas”, he added
Mr O’Kane said “This Agreement represents the beginning of an exceptional opportunity
for both Companies in deploying proven biological treatment within the vast waste sector.
“The decision of Samsung Heavy Industries to select our BioEnergy Technology is
particularly good news for Bedminster. It will ensure significant company growth over the
coming years”.
“Our combined engineering resource will now focus on building the first Samsung
showcase in Korea, whilst our sales teams will work together to develop new markets,
including the Middle East and South America” said Mr O’Kane. “We will also collaborate on
maintaining the Intellectual Property” he added.
Congratulating Bedminster on its announcement, Mr Ryan said, “This is indeed a
remarkable achievement for an entrepreneurial Irish Company to establish a partnership
with Samsung Heavy Industries, a world leader in many markets”.
The Ambassador for the Republic of Korea added his best wishes to the partnership
commenting “The promotion of a 'Green Growth, Low Carbon’ policy is currently the
Korean government's leading priority and partnerships such as this certainly represent a
significant step forward in the direction of a greener, more sustainable future”.
Seated L to R:
Mr Bill McCabe, Chairman Bedminster
Mr Chunhak Kim, Executive Director Samsung
Standing L to R
Mr Pearse O’Kane, CEO Bedminster
Mr Frank Ryan, CEO Enterprise Ireland
Ambassador Tae yong Cho, Embassy of the Republic of Korea
Mr Jehak Kim, Executive General Manager Samsung |
