What evidence can you share that demonstrates the impact of the engagement?
Starting the first commercial biodiesel plant in Korea was a very important event for us. Our company was a small startup. We’d developed the technology, and, by 2012, we didn’t have any commercial applications for it. The fact that we started a partnership with a Korean company impacted the progress of our company a lot.
Biodiesel is a very competitive field, and regulations for the use of biofuels change every year. Third-generation biodiesel plants, in particular, lose a lot of money every year, and they’re very much dependent on government subsidies. This is why we focused on second-generation biodiesel, where we can use low-cost feedstock. However, it proved challenging to find a fit for us.
David and Eyal helped a lot in bringing trust between both parties. When used that plant as a demo unit to show groups how our technology worked at a commercial scale, they assisted us in bringing visitors and showing them the Korean plant. It was a lot of work for them, and it was very successful for our company.
How did KOISRA Co., Ltd perform from a project management standpoint?
The fact that David and Eyal speak both Korean and Hebrew was very valuable. They brought the Israeli and Korean parties together and built trust between both companies. I know that two other companies in Israel are in contact with KOISRA Co., Ltd to do the same thing. They are very much satisfied with their service of bringing partnerships between Israeli and Korean parties.
What did you find most impressive about them?
KOISRA Co., Ltd made our lives very easy, especially during our visit to Korea. They stayed with us the whole time so that we wouldn’t miss any issues during our stay, no matter whether we were in talks with the Korean partner, at the hotel, or around the city. It was very nice to be in contact with them during their stay in Israel and Korea.
Are there any areas they could improve?
Both David and Eyal did their job excellently. They’re very friendly people with solid technical knowledge. Eyal, in particular, is very technical. They’re not from the field, but they can understand its more complex nuances. I don’t have any recommendations for them to strengthen any part of their business.
Do you have any advice for future clients of theirs?
I’m in contact with two companies, and I always recommend that they involve Eyal in future collaborations. He’s very much familiar with the industry in Israel and has lived in Korea for a long time.