Daewoo Engineering & Construction (Daewoo E&C) signed a memorandum of understanding (MOU) with Shandong Guohuan Industry Investment Co., Ltd. (Chairman Xia Xing Wang) in Beijing, China, on Nov. 10 to use Daewoo’s air pollution removal technology in the Shandong Yaocheng incineration project.
Shandong Guohuan Industry Investment is a leading company that carries out public private partnership (PPP) projects in the environment sector in Shandong. Also, the Yaocheng incineration project is to construct waste incineration plants in Shandong that can handle 300 tons of household waste per day, with the investment of more than 150 million yuan (US$23.47 million or 27.14 billion won).
Under the agreement, Daewoo E&C will provide its own dual bag filter (DBF) system design and operation technology and some necessary apparatus and materials, while Shandong Guohuan Industry Investment will be in charge of construction, licensing and operation by using its local business ability and capital. The two companies will discuss details according to project procedures.
The agreement came through after Daewoo E&C’s DBF technology was selected as a candidate technology to enter the Chinese market by Korea Environmental Industry and Technology Institute (KEITI), since Korean and Chinese leaders signed an MOU in July 2014 to jointly tackle air pollution caused by ultra-fine dust in China. A DBF system was developed for the removal of air pollutants such as dusts and dioxins emitted from a waste incinerator.
An official from Daewoo E&C said, “The agreement is meaningful in that our own technology is exported to use for China’s waste incineration project for the first time. Also, we are planning to charge license fees through technology licensing if the project is expanded in the future.”
In addition to the DBF system, Daewoo E&C will gain an official approval from the Chinese government for the adaptability of the Daewoo Biogas System (DBS), which produces energy from organic waste, with support from KEITI that provides assistance for international collaborative localization projects. Moreover, it will continuously expand the technology application in China through technical standardization.