Airrane Co., Ltd.
KKRX:1632803,485.00
KRW
0.00
(0.00%)
ISIN
KR7163280001
Return %
Stock
S&P 500
1Y
-57.47
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- Full Time Employees
- 120
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Cheongju-si South Korea
- IPO Date
- Nov 8, 2024
- Website
- airrane.com
- Similar Companies
- Business
- Airrane Co., Ltd. is a South Korea-based industrial technology company primarily engaged in the development, engineering, and manufacturing of advanced hollow fiber gas separation membrane modules and turnkey separation systems. The company provides a comprehensive portfolio of gas separation solutions categorized by application and gas media, including: biogas upgrading membrane systems designed to separate carbon dioxide from raw biogas to produce high-purity biomethane for natural gas grid injection and vehicle fuel; carbon capture, utilization, and storage (CCUS) membrane systems for industrial flue gas decarbonization; nitrogen generation membrane modules engineered to produce high-purity nitrogen for maritime vessels, chemical storage, food packaging, and electronics manufacturing; oxygen generation membranes for medical, aerospace, and industrial aeration uses; industrial dehumidification and air-drying membrane modules for removing water vapor in pharmaceuticals, semiconductors, and precision processing; hydrogen separation and purification membrane modules utilized in blue hydrogen production, hydrogen refueling station anti-freezing systems, and off-gas recovery; and customized skid-mounted membrane filtration systems, engineering design, operational monitoring, and carbon credit management services. Airrane serves a diverse international client base across the petrochemical, oil and gas, shipbuilding and maritime, renewable energy, waste-to-energy, aerospace, semiconductor, and environmental utilities sectors. Operating modern production and research facilities in Cheongju, the company conducts domestic operations and distributes its products to global markets across Europe, China, and Southeast Asia, exporting to over 25 countries worldwide. Founded in 2001 as a spin-off from the National Research Laboratory for membrane research at Hanyang University, Airrane Co., Ltd. is headquartered in Cheongju-si, Chungcheongbuk-do, South Korea. In recent developments, the company completed its initial public offering on the KOSDAQ market (Ticker: 163280) in November 2024 to accelerate production infrastructure and global expansion. To address surging demand in the maritime, shipbuilding, and European decarbonization sectors, Airrane expanded its Cheongju manufacturing facilities, targeting an annual production capacity of 80,000 membrane modules by 2027. The company has established strategic partnerships and equity collaborations with leading industrial conglomerates, including Lotte Chemical for industrial CCU pilot installations, SK Innovation for co-development of carbon capture technologies, and POSCO for commercial carbon capture verification. Expanding its clean energy product portfolio, Airrane recently commercialized proprietary hydrogen separation membrane modules for large-scale energy infrastructure and completed a corporate capital restructuring to optimize its balance sheet and support its strategic evolution into a comprehensive energy and carbon management solutions enterprise.