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doosan

Doosan Wins Korea’s First IGCC Demonstration Plant Project Worth US$ 453 million

- Korea Western Power to complete the 300MW-class plant at a site near Taean Thermal Power
  Plant in 2015.
- Eco-friendly technology extracts synthetic gas from coal to produce electricity.
- To create a 1 trillion dollar, 400GW “Blue Ocean Market" by 2030

Doosan Heavy Industries

On Wednesday, November 15, at the Grand Intercontinental Hotel in Seoul, Giseon Han (right), COO of Doosan Heavy Industries & Construction and Moonduk Kim, President of Korea Western Power, signed a contract to supply a 300MW IGCC demonstration plant in Taean, Korea.

Doosan Heavy Industries & Construction (President Geewon Park) said on November 15 that it had signed a contract worth US$ 453 million with Korea Western Power (President Moonduk Kim) to construct Korea’s first IGCC demonstration power plant.

IGCC (Integrated Gasification Combined Cycle) power plant is a process whereby a synthetic gas, consisting primarily of hydrogen and carbon monoxide, is extracted from coal and is used as the fuel to generate electricity. The gasification technique is such an extremely advanced technology that there are only five demonstration plants worldwide.

IGCC power plants are characterized by their advantage as an eco-friendly form of power generation technology. Costs for capturing the emitted carbon dioxide is only 30 to 50% of that of conventional coal-powered thermal power plants. In addition, coal gasification power plants utilize a coal purification technology that minimizes the emission of other pollutants, including sulfur oxide and solid particulates.

Another reason why coal is being sought after is that it is widely available around the world, is less costly than crude oil and has a reserve volume that can be mined for up to 150 years, as opposed to crude oil, which can only be pumped for another 40 years. For these reasons, advanced countries are paying close attention to coal gasification power plants. If a coal gasification technology that minimizes the shortcomings of conventional coal-fired power plants, including the emission of pollutants, is commercialized, there is a high probability that coal could replace crude oil and natural gas in the foreseeable future.

Korea began the development of this technology in 2006 as part of its renewable energy development project coordinated by the Ministry of Knowledge Economy. The Korea Institute of Energy Technology Evaluation and Planning, Korea Western Power and Doosan Heavy Industries & Construction, among others, have coordinated this technological development.

Because the technique is highly sought after as a next-generation energy technology, advanced countries are scrambling to commercialize IGCC power plant. Currently, five demonstration projects are operating in the U.S., Japan and the Netherlands, while global power generation equipment companies such as GE and MHI, are racing to commercialize and gain the upper hand in the emerging market. Globally, the coal gasification market is a “Blue Ocean” industry that is projected to grow to a 400GW market worth 1 trillion dollars by 2030. In Korea, 15 coal gasification plants producing 10GW are expected to be constructed by 2020.
(*U.S. energy research firm EER, refer to ‘Global IGCC Power Markets and Strategies 2007’)
Under the agreement, Doosan Heavy Industries & Construction will conduct the EPC of whole Gasification Plant, including manufacturing of gasifier and synthetic gas cooling equipment.

Executive Vice President and Head of the Power Business Group, Dongsoo Suh said, “If coal gasification-based power generation proves successful at the demonstration project at the Taean IGCC Power Plant, we will not only build a subsequent gasification power plant in Korea, but we will also export to foreign countries,” adding, “We will seek to cultivate this as a next generation growth engine along with marine wind power and power generation fuel cells.”

 
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