Announcement • Jun 12
NOROO Holdings Advances Commercialization Of Bio-Based 3-HP Through Major Korean Government Initiative NOROO Holdings Co., Ltd. has been selected as the lead executing organization for a major national project titled "Development of Feedstock Production and Value-Added Product Technologies to Promote the Bio-Based Polymer Market." This flagship initiative is supported by the Korea Evaluation Institute of Industrial Technology (KEIT) under the Ministry of Trade, Industry and Energy (MOTIE). This milestone underscores NOROO Group's strategic commitment to advancing its presence in the global industrial biotechnology sector through the development of 3-hydroxypropionic acid (3-HP), a next-generation bio-based platform chemical. Recognized by the U.S. Department of Energy (DOE) as one of the "Top 12 Bio-based Platform Chemicals," 3-HP serves as a highly versatile intermediate capable of conversion into a broad spectrum of high-value applications, including cosmetics, industrial coatings, and environmentally sustainable plastics. As a viable alternative to petroleum-derived feedstocks, the chemical is positioned as a cornerstone material in the transition toward carbon-neutral industrial systems. Under this government-supported initiative, NOROO Holdings will spearhead the core program focused on the "Large-Scale Demonstration of 3-HP Production from Waste Biomass." The company will oversee the entire value chain—from sustainable feedstock procurement and process optimization to pilot-scale production and commercialization readiness. Key project objectives include: Developing bio-based, acrylic acid–derived polymer materials; Scaling up and demonstrating the mass production of 3-HP utilizing agricultural and industrial waste biomass; Demonstrating bio-acrylic acid synthesis via the catalytic transformation of 3-HP. The initiative is also expected to drive powerful synergies across NOROO Group's core businesses, particularly through its flagship coatings subsidiary, NOROO Paint Co., Ltd. Charged with the "Demonstration of bio-acrylic acid synthesis via catalytic transformation of 3-HP," NOROO Paint will spearhead the process of converting the intermediate into industrial raw materials. This will allow the company to actively research replacing acrylic acid—which has traditionally relied entirely on petrochemical processes—with sustainable, bio-based alternatives. By incorporating 3-HP-derived materials into automotive coatings, industrial paints, and architectural finishes, NOROO aims to strengthen its competitiveness in the rapidly expanding market for sustainable, premium, eco-friendly, and high-performance materials. NOROO Group's dedicated research arm, the NOROO Bio Fusion Research Institute, has spent over a decade advancing microbial strain engineering and biosynthesis technologies for 3-HP production. The institute has successfully established a 5-ton-scale facility, demonstrated its stable production, secured EU REACH registration for 3-HP derivatives, and verified a 99% biodegradation rate of these derivatives within 28 days. These proven achievements provide a rock-solid foundation for rapid commercialization and global market entry. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₩3,090 (vs ₩4,898 in FY 2024) Full year 2025 results: EPS: ₩3,090 (down from ₩4,898 in FY 2024). Revenue: ₩1.24t (flat on FY 2024). Net income: ₩32.4b (down 37% from FY 2024). Profit margin: 2.6% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 07
NOROO Holdings Co., Ltd., Annual General Meeting, Mar 20, 2026 NOROO Holdings Co., Ltd., Annual General Meeting, Mar 20, 2026, at 10:30 Tokyo Standard Time. Location: conference room, 351, bakdal-ro, manan-gu, gyeonggi-do, anyang South Korea 
