With Deokyang, a company that specializes in the manufacturing of industrial gases like hydrogen, Doosan Energy has inked an MOU for cooperative collaboration in the digital and hydrogen business. Representatives from each organization, including Song Yong-jin, head of the Strategic Innovation Division, and Deokyang, James Kim, CEO of Doosan Energy, were present at the signing event, which took place at the Doosan Tower in Bundang, Gyeonggi-do.
The biggest manufacturer and supplier of industrial hydrogen in Korea, Deokyang Co., Ltd. controls roughly 12% of the domestic market for carbonic acid and nearly 40% of the industrial hydrogen supplied in Korea.
Through this arrangement, the two businesses want to work together to develop a related digital platform by fusing the digital technology of Doosan Energy and the expertise of Deokyang in operating chemical plants.
It is feasible to limit plant environmental emissions, cut expenses, and improve plant utilization by using technologies designed for chemical plants, such as predictive diagnosis, plant optimization, and digital twin.
A complete joint connection in the areas of hydrogen production, delivery, and use was also agreed upon by the two businesses.
“Our digital business has created confidence with clients by showcasing tried-and-true technology in power plants at home and abroad for many years,” said Song Yong-jin, president of Doosan Energy’s Strategic Innovation Division. We will make every effort to demonstrate that the item is outfitted with
Doosan Energy has been running a “Digital Innovation” organization since 2013 that consists of a data analysis team and a team that develops digital solutions.
It helps to increase the dependability and efficiency of power plants by implementing internally designed digital solutions in domestic and foreign power plants, such as “Prevision,” an early warning system for power plants.