The urban mining project, which aims to protect the natural environment, minimize the waste of limited resources and the generation of garbage, and reduce greenhouse gas emissions, is becoming more active in recycling waste metal resources. In this context, Godtech Co., Ltd. (GODTECH), a company specializing in waste metal recycling led by CEO Park Gi-deok, attracts attention for creating a sustainable future through resource circulation.
This company focused on developing new technologies for recycling high-priced ultra-high-temperature alloy materials and components in line with the increasing demand for high-performance components used in the aerospace, power generation, defense, and shipbuilding and marine industries. As a result, they have developed technology to recycle nickel-based ultra-high-temperature alloy materials that can withstand temperatures above 1,000° and below -196°.
This is done by melting and powderizing discarded ultra-high-temperature alloy materials and components, and then using 3D printing technology and automated equipment to manufacture new parts or repair damaged sections of parts.
The technology achieved by Godtech, selected for the 2024 Sports Seoul Life Special Innovation Korean & Power Korea Grand Prize, is different from existing recycling technologies that rely on the skills of welders, which have a low recycling rate and cause environmental pollution due to harmful gas emissions.
Thanks to the automated process, the dimensional precision and accuracy are excellent, allowing for high-quality recycling that is environmentally friendly, and it has outstanding energy-saving and CO2 emission reduction effects, thus increasing the possibility of entering overseas markets.
This company, which has secured new technology to efficiently separate and recycle high-priced metals that could not be recycled domestically, has received investment for technology development costs from venture capital firms since the pre-startup stage and has achieved the filing of one technology patent and two trademark patents. It was then selected as a participating company in the ‘2023 Da-Stars Innovation Growth Partners Project’ hosted by the Gyeongnam Creative Economy Innovation Center and Doosan Enerbility, and participated in Kyobo Life's 'Impact Up Project' to create a virtuous cycle social contribution model.
In January, they signed an MOU with the Gyeongnam University LINC3.0 Project Group. They plan to contribute to securing recycling technology for high-priced non-ferrous metal raw materials and components that are discarded after use and training university practical personnel needed for related technology development in cooperation with the LINC3.0 Project Group's Smart Manufacturing ICC and Metal Layering Research Center.
CEO Park Gi-deok, who contributes to the commercialization of an eco-friendly resource circulation platform through RE-FIT, localization of materials and components, and reduction of import dependency on rare metal resources, stated, “We are in discussions with venture capital firms regarding seed investment and related investments.”
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