Daesung Eco-Energy was

established in October 2002 as a private sector Special Purpose Company (SPC) following its successful bid to operate the Bangcheon-ri, Daegu landfill gas (LFG)-to-energy project.

The Bangcheon-ri area had long been a source of public complaints to the city of Daegu due to the foul smell emanating from the original waste dump site. Completed in 2006, this LFG project collects annually 50 million cubic meters of LFG (which contains 40~50% methane) from the landfill which is then sent through 7.9 km pipeline to Korea District Heating Corporation to be supplied to 110,000 households. In addition to providing jobs, another success of this project has been its certification by the UN Framework Convention on Climate Change (UNFCCC) as a Clean Development Mechanism (CDM) for 3.30 million tons of carbon dioxide equivalent up until 2019.