AIRRANE
AIRRANE is a South Korea-based, KOSDAQ-listed (163280) manufacturer of proprietary gas separation membranes serving industrial customers in petrochemical, biogas, semiconductor, and CCUS applications across Korea, China, and Japan.
- Company typePrivate
- Founded2001
- HeadquartersCheongju, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What AIRRANE does
AIRRANE (주식회사 에어레인, Airrane Co., Ltd.) is a South Korea-based, KOSDAQ-listed (ticker: 163280) manufacturer of gas separation membranes founded in 2001 and headquartered in Cheongju with a Seoul sales/marketing branch. The company designs and produces asymmetric hollow fiber polymer membranes that separate industrial gas mixtures through selective permeation, and operates with 101–250 employees. AIRRANE sells seven core product lines—Nitrogen Generation Membrane, Dehumidification Membrane, Biogas Upgrading Membrane, Oxygen Generation Membrane, CO2 Injection Membrane (patent-protected), Pervaporation & Vapor Permeation Membrane, and CCUS Membrane System—serving industrial customers across Oil & Gas, Energy, Biogas, Petrochemical, Electronics, Marine, Aircraft, Agriculture, Logistics, and Healthcare.
Revenue is generated through hardware sales of membrane modules and complete membrane separation systems, supplemented by operation and maintenance services for installed assets such as semiconductor IPA recycling systems. The go-to-market is a B2B direct sales model with inquiry-based lead capture via multilingual corporate websites (Korean, English, Chinese), targeting industrial facilities globally with documented end-market presence in Korea, China, and Japan. The company claims a 1/6 installation footprint versus amine-based CCUS systems, holds proprietary membrane manufacturing expertise accumulated over 20+ years, and cites commercial deployments including a 200,000-ton-per-year CO2 capture facility at Lotte Chemical's petrochemical plant and Korea District Heating Corp. stack CO2 capture.
Strategic positioning is anchored in decarbonization and energy-transition use cases: industrial CCUS, biogas upgrading to grid-grade biomethane, blue hydrogen SMR CO2 capture, and semiconductor-grade gas control. Notable enterprise customers include Lotte Chemical (core strategic partner), Korea District Heating Corp., and municipal governments of Chungju, Uijeongbu, Paju, and Asan for biogas upgrading. Recent corporate actions include a 2023 par-value stock split (500 KRW to 100 KRW), a new stock issuance in October 2024 to fund growth, and a December 2025 announcement of a plan to cancel 1.4 billion KRW of treasury shares.
AIRRANE firmographics
Firmographics- Name
- AIRRANE
- Legal name
- 주식회사 에어레인
- Website
- https://airrane.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- AIRRANE is a South Korea-based, KOSDAQ-listed (163280) manufacturer of proprietary gas separation membranes serving industrial customers in petrochemical, biogas, semiconductor, and CCUS applications across Korea, China, and Japan.
- Ownership category
- akta.pro rank
AIRRANE industry classification
Industry- Product category
- Industrial Gas Separation Membranes
- NAICS
- Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Rubber and Plastics Hoses and Belting Manufacturing (326220)
- SIC
- Special Industry Machinery, Nec (3559), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Separation & Filtration Equipment (Filters, Centrifuges, Membranes) (IMAHAEAB)
- akta.pro secondary industry
- Post-combustion Capture Systems (Membranes & Hybrid Membrane Processes) (EUABAGAC)
Keywords
Where AIRRANE is headquartered
LocationHeadquarters
- HQ city
- Cheongju
- HQ country
- South Korea
- HQ region
- Asia
Offices2 records
Markets served
AIRRANE business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Membrane Module Sales: Sale of proprietary gas separation membrane modules for various industrial applications including nitrogen generation, oxygen generation, dehumidification, biogas upgrading, pervaporation, and CO2 capture.
- Membrane System Sales and Installation: Complete membrane separation system supply and installation for commercial facilities, including CCUS projects capturing CO2 from industrial flue gas sources.
- O&M Services: Operation and maintenance services for installed membrane systems, such as IPA recycling systems within semiconductor plant sites.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
AIRRANE product offering
Product offeringCore offering
AIRRANE manufactures and sells proprietary gas separation membrane systems based on asymmetric hollow fiber polymer membrane technology. Its product portfolio includes nitrogen generation, oxygen generation, dehumidification, biogas upgrading, CO2 injection, pervaporation/vapor permeation, and CCUS membrane systems for industrial customers. Membrane modules and complete turnkey systems are sold to enterprises across Oil & Gas, Energy, Biogas, Petrochemical, Electronics, Marine, Aircraft, Agriculture, and Logistics sectors, with installation, operation, and maintenance services available.
Product overview
AIRRANE offers a portfolio of gas separation membrane products based on hollow fiber membrane technology. The product line includes seven distinct membrane systems: Nitrogen Generation Membrane for producing high-concentration nitrogen from ambient air; Oxygen Generation Membrane for 30-40% oxygen concentration; Dehumidification Membrane for drying compressed air; Biogas Upgrading Membrane for converting biogas to biomethane (97%+ purity); CO2 Injection Membrane for dissolving CO2 into deionized water; Pervaporation & Vapor Permeation Membrane for liquid dehydration and VOC removal; and CCUS Membrane System for industrial CO2 capture. These products share a common gas separation membrane technology platform that separates gases based on selective permeation rates through asymmetric polymer hollow fiber membranes.
Differentiator
Problem solved
Functional benefit
Products and services
- Nitrogen Generation Membrane Gas separation membrane system that produces high-concentration nitrogen (95-99.5%) from ambient air on-site. Used for inerting, blanketing, and explosion protection in industrial applications including fuel tank protection (OBIGGS), chemical processing, LNG tank maintenance, and hydrogen fueling stations. Mobile units are available.
- Dehumidification Membrane Membrane-based drying system that removes moisture from compressed air, achieving dew points of -20 to -40°C. Used in semiconductor production, electronic cabinets, pneumatic equipment, painting processes, and medical devices.
- Biogas Upgrading Membrane Gas separation membrane system that converts crude biogas (60% CH4, 40% CO2) into biomethane with over 97% methane purity for injection into natural gas grids or use as CNG vehicle fuel. Deployed at municipal facilities including Chungju City, Uijeongbu City, Paju City, and Asan City.
- Oxygen Generation Membrane Membrane system producing 30-40% oxygen concentration for oxyfuel combustion, healthcare facilities, clinical oxygen supply, oxygen chambers, portable oxygen generators, and fish farm dissolved oxygen applications.
- CO2 Injection Membrane Patent-protected membrane module (MDB series) for dissolving CO2 into deionized water. Used in semiconductor and display manufacturing to reduce electric resistance and defect rates in wafer and glass cleaning processes.
- Pervaporation & Vapor Permeation Membrane Membrane system for dehydration of liquid/organic mixtures and VOC removal. Applicable to IPA recycling in semiconductor plants, monomer recovery from polymerization processes, and separation of azeotrope mixtures.
- CCUS (Carbon Capture, Utilization & Storage) Membrane System CO2 capture membrane system for flue gas from power plants, steel mills, cement plants, and petrochemical facilities. Captured CO2 is liquefied and supplied to fresh food distributors, home shopping companies, and shipbuilders. Deployed at Korea District Heating Corp. and Lotte Chemical (200,000 tons CO2/year). Requires only 1/6 of the area of amine CCUS facilities.
- Membrane System Operation & Maintenance Services Operation and maintenance services for installed AIRRANE membrane systems, including IPA recycling systems within semiconductor plant sites.
Quantifiable outcome
- Biogas upgrading achieves 97%+ methane purity for LNG grid injection and CNG vehicle fuel
- +3 more outcomes
Companies that use AIRRANE
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles5 records
AIRRANE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
AIRRANE partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Halla (한라)minorHalla is listed as a partner on the AIRRANE partnership page. Nature of partnership not specified in detail.
- Posco (포스코)minorPosco is listed as a partner on the AIRRANE partnership page. Nature of partnership not specified in detail.
- Lotte Chemical (롯데케미칼)coreLotte Chemical is a strategic partner receiving CO2 capture facility supply from AIRRANE. Currently operating a commercial CO2 separation membrane system at their petrochemical plant capturing 200,000 tons of CO2 per year from flue gas.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
AIRRANE competitors and assessment
Company assessmentDirect peers
- MTR (Membrane Technology and Research): MTR develops membrane-based gas separation systems for CO2 capture (including CO2/CH4 separation), hydrogen purification, and natural gas processing — a directly comparable technology peer in the CCUS and gas separation space.
- Evonik (SEPURAN membranes): Evonik's SEPURAN product line produces hollow fiber gas separation membranes for nitrogen generation, biogas upgrading, and helium/hydrogen recovery — directly competing with AIRRANE across multiple product categories with a global installed base.
- UBE Corporation: UBE manufactures polyimide hollow fiber gas separation membranes used in nitrogen generation, natural gas sweetening, and biogas upgrading — a directly comparable membrane manufacturer competing in the same product categories as AIRRANE.
- Generon (a division of Air Water Inc.): Generon manufactures hollow fiber membrane nitrogen and oxygen generators for industrial applications — a directly comparable product peer competing with AIRRANE's nitrogen and oxygen generation membrane systems.
Broad incumbents
- Asahi Kasei: Asahi Kasei manufactures hollow fiber gas separation membranes and operates in water treatment and industrial separation — a diversified incumbent with comparable membrane technology platforms and global reach.
- Linde (including Praxair membrane assets): Linde supplies industrial gas separation solutions including membrane-based nitrogen and hydrogen systems as part of its broad industrial gases portfolio — a major incumbent competing with AIRRANE's nitrogen and hydrogen membrane products.
- Honeywell UOP (Separex): Honeywell UOP's Separex membrane systems are used for CO2 removal from natural gas and biogas upgrading — a large incumbent with a comparable membrane-based separation product line serving overlapping industrial customers.
- Parker Hannifin (membrane gas separation): Parker's gas separation membrane business produces nitrogen generation and compressed air treatment products — a broad industrial equipment incumbent with overlapping membrane-based gas products serving similar end markets.
- Atlas Copco (industrial gas generation): Atlas Copco supplies on-site industrial gas generation systems including nitrogen generators that compete with AIRRANE's membrane nitrogen product line — a broader industrial equipment incumbent with comparable end-user customers.
- Air Liquide (MEDAL): Through its MEDAL business, Air Liquide supplies hollow fiber membrane systems for gas separation including nitrogen, hydrogen recovery, and natural gas processing — a global incumbent with integrated gas supply and service that competes with AIRRANE's membrane offerings.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
AIRRANE social profiles
Digital presenceAIRRANE financial estimates
Financial estimateRevenue estimate
Valuation estimate
AIRRANE leadership team
Management profileNumber of profiles
Profiles1 record
AIRRANE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AIRRANE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AIRRANE
What does AIRRANE do?
AIRRANE manufactures and sells proprietary gas separation membrane systems based on asymmetric hollow fiber polymer membrane technology. Its product portfolio includes nitrogen generation, oxygen generation, dehumidification, biogas upgrading, CO2 injection, pervaporation/vapor permeation, and CCUS membrane systems for industrial customers. Membrane modules and complete turnkey systems are sold to enterprises across Oil & Gas, Energy, Biogas, Petrochemical, Electronics, Marine, Aircraft, Agriculture, and Logistics sectors, with installation, operation, and maintenance services available.
Is AIRRANE a public or private company?
AIRRANE is a private company. It is classified as public and is currently operating.
When was AIRRANE founded?
AIRRANE was founded in 2001. It employs 101 to 250 people.
Where is AIRRANE based?
AIRRANE is headquartered in Cheongju, South Korea, in the Asia region.
How does AIRRANE make money?
Three revenue lines are on record. Membrane Module Sales are the primary driver. The others are membrane System Sales and Installation and O&M Services.
Who are AIRRANE's main competitors?
Direct peers on record are MTR (Membrane Technology and Research), Evonik (SEPURAN membranes), UBE Corporation and Generon (a division of Air Water Inc.). Broad incumbents are Asahi Kasei, Linde (including Praxair membrane assets), Honeywell UOP (Separex), Parker Hannifin (membrane gas separation), Atlas Copco (industrial gas generation) and Air Liquide (MEDAL).
Does AIRRANE have an API?
No public API is recorded for AIRRANE.
What industry is AIRRANE in?
AIRRANE's product category is Industrial Gas Separation Membranes. Its primary akta.pro industry code is IMAHAEAB, Separation & Filtration Equipment (Filters, Centrifuges, Membranes), with a secondary code of EUABAGAC, Post-combustion Capture Systems (Membranes & Hybrid Membrane Processes). Its NAICS code is 333413 and its SIC code is 3559.