Irish bioenergy technology firm Bedminster International has signed a $4 million (€2.7 million) contract with Samsung Heavy Industries in Korea and South East Asia, it was announced today.
The Enterprise Ireland client company, which provides bioenergy technology and related engineering services, signed the agreement in Dublin this morning.
The new deal will secure 20 jobs in the company, and has the potential to expand over the next two years. The agreement will see Bedminster BioEnergy's technology in Samsung's new waste management operations.
Executive director of Samsung Heavy Industries Chunhak Kim said the technology was robust, economic and safe, and had several reference facilities to prove it worked.
Bedminster International chairman Bill McCabe said the company had faced strong international competition.
"This sgreement represents the beginning of an exceptional opportunity for both companies in deploying proven biological treatment within the vast waste sector," he said.
"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"
He said the company would look to develop new markets, including the Middle East and South America.
Tánaiste Mary Coughlan said the agreement was a "remarkable achievement".
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