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“Melting Furnace & Heated Furnace following Boiler”

운영관리자
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“Melting Furnace & Heated Furnace following Boiler”

Said Lee, Keun Woo, Chairman of Seoul Sharp Heavy Industry Co., Ltd.

 

- Fuel for Glass manufacturing, steel mill & LNG plants replaceable with Petroleum Cokes.

- Corporate competitiveness ‘pressed’ by excessively controlled environmental regulation.

On last 11th, Lee, Keun Woo, the Chairman of Seoul Sharp Heavy Industry Co., Ltd. opened his interview session with a deliberate yet confident tone at the head office of SSHC (Seoul Sharp Heavy Industry Co., Ltd.) located in Seongnam-si, Gyeonggi-do saying that, “I am kind of cautious as even just a word may have an effect because the petroleum cokes and boiler system is still at its early stage in Korea.”

Chairman Keun Woo Lee said, “There was a paper mill plant the SSHC, as an EPC, completed the construction of a petroleum cokes boiler plant in 2009. The result of actual plant operation demonstrated the saving of fuel cost by half versus Bunker-C oil, even excluding the operation cost.

 

This plant has been saving about 10 to 12 billion Korean Won each year, down from the previous fuel cost of 22 to 24 billion KW per year based on 50 tons capacity boiler system.”

Chairman Lee skeptically commented that, “Considering the money return from plant operation at a paper mill, it’s a tremendous saving in manufacturing cost, which is almost unimaginable in basic unit basis. A corporate has to meet its productivity and basic unit requirements. It’s good to have the low carbon energy or recyclable energy sources, but how could a corporate survive with such a high basic unit?”

With such level of saving mentioned above, it’s like to making profit beyond and above of simple fuel cost saving. When Chairman Lee spoke of such a marvelous story to any customers inquiring of introducing the petroleum cokes boiler system to their facilities, the most of customers would neither believe nor hesitate to proceed further as driven by concern on too great level of saving way higher than their expectation. That’s why Chairman Lee mentioned of being ‘cautious’ in the beginning of interview.

 

The biggest advantage of petroleum cokes comes from the fact securing the cost competitiveness along with stable supply and demand is highly feasible. In fact, the import cost of petroleum cokes this year went down to KW130,000 per ton from KW180,000 (based on CIF) last year.

Chairman Lee further commented that, “With continuously worsening economy, most of European industries are turning the energy sources to LNG. Demand in U.S. is decreasing as they have a craze over the shale gas development. As such, on a long term, the cost of petroleum cokes would go further down.”

The environment business, the one of primary business sectors for Seoul Sharp Heavy Industry Co., Ltd., has been recognized by its top notch technology power, the highest of kind in world, expanding its popularity receiving a call even from the Petro China. Chairman Lee supported the SSHC’s initiative of taking the petroleum cokes field as a new area of business while the corporate has been enjoying the stable growth with ongoing businesses, saying that, “Only when the SSHC successfully prospers, the consumers as well can prosper, and vice versa.” He explained the background of his business decision with a note, “The reason of expanding SSHC business all the way to energy resource field leaping up from the environment came from an urgent need of survival.”  

Chairman Lee added the explanation in detail saying he felt it was necessary for SSHC to help the consumers suffering from pain of energy cost rise survive, so that SSHC as well could survive. Accordingly, they were interested in the petroleum cokes which is capable of offering remarkable competitiveness, expanding such interest to the development of boiler system using petroleum cokes.   

 

Currently, Chairman Lee of SSHC is prepared to proceed further with the development of Version 2.0 beyond the ‘Version 1.0 of Petroleum Cokes Age’, supporting the replacement of fuels for heater furnaces, melting furnaces and roll mills installed at the glass manufacturing and steel mill plants, turning from LNG to petroleum cokes. He explained that, “Assuming the LNG fuel cost, say at KW100 for glass manufacturing process, the cost of petroleum cokes will take just about KW40 including all other costs of plant operation and post treatment facility.” On the other hand, Chairman Lee expressed his concern over the excessively regulated environmental control set forth on petroleum cokes, commenting that “I understand the need of imposing total emission regulation, yet I feel it has been overly regulated when it comes to the doubled or tripled regulation imposed even on fuels. Advantage of low cost fuel with petroleum cokes does exist, while the government has been rejecting it for being a solid fuel with a mislead concept.”  

 

Chairman Lee concluded the interview with a comment saying that, “There’s no environmental problem for petroleum cokes. It’s disposed as cleaner than LNG through treatment process.”

 

 

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Name: Seoul Sharp Heavy Industries Co., Ltd.  l Business Number: 301-81-11340  

The President : LEE KEUN WOO   |    Representative Director : LEE ARUMDRI

Address: Head Office  633-17, Deugum-ro, Deoksan-myeon, Jincheon-gun, Chungbuk, 

Seongnam branch office: 150, Gyeonggi-golro road, Jungwon-gu, Seongnam-si, Gyeonggi-do

Main Telephone: Head Office: 043-530-5100, Seongnam Branch Office: 031-750-8000

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