KEPCO, the largest utility in South Korea, and Germany based Uhde have signed a Joint Venture Agreement. The contract was signed at the head office of Uhde in Dortmund, Germany, with the presence of the CEO of KEPCO, Mr. Ssang-su Kim, the CEO of ThyssenKrupp AG, Dr. Heinrich Hiesinger, and the CEO of Uhde, Dr. Michael Thiemann.
KEPCO will have the largest 66 % share of the newly established joint venture, with Uhde holding 34 %. KEPCO-Uhde Inc. will use Uhde’s PRENFLO PSG steam gasification process to carry out global projects in IGCC (Integrated Gasification Combined Cycle) and SNG (Synthetic Natural Gas) engineering, licensing and technology development.
Environment-friendly next generation IGCC technology gasifies coal at high temperature and high pressure to create fuel gas comprising mostly CO and hydrogen, which is then purified and runs gas and steam turbines. Conventional power plants are expected to be replaced with IGCC power plants that can remarkably reduce CO2, SOX, NOX, while showing high generation efficiency
Synthetic Natural Gas, having CH4 as a main constituent and therefore capable of substituting LNG, is evidently a promising gasification technology with a high likelihood of becoming future resources.
KEPCO-Uhde Inc. will be established in July, 2011 in Korea. The Joint Venture plans to win its first contract within the fourth quarter of this year with the help of strong support from KEPCO and Uhde, and joint R&D activities. KEPCO-Uhde Inc. is poised to build the largest IGCC power plant and be-come a global front runner in Integrated Gasification Combined Cycle, Synthetic Natural Gas and Carbon Capture Sequestration which are strong in economics, efficiency and environment-friendliness by 2020.