Doosan Enerbility Expands Digital Business into Chemical Plant Sector

Industrial Gas Specialist Deokyang
Mutual Cooperation in Digital and Hydrogen Businesses

Song Yong-jin, Head of Strategy and Innovation Division at Doosan Enerbility (right), and James Kim, CEO of Deokyang, are posing for a commemorative photo at the "Business Agreement Ceremony for Mutual Cooperation in Digital and Hydrogen Businesses" held on the 26th at Doosan Tower in Bundang, Gyeonggi Province. Photo by Doosan Enerbility

[Asia Economy Reporter Choi Seoyun] Doosan Enerbility is expanding its digital business capabilities accumulated in the domestic and international power generation sectors to the chemical plant field.

Doosan Enerbility announced on the 26th that it signed a Memorandum of Understanding (MOU) for mutual cooperation on digital and hydrogen businesses with Deokyang, a company specializing in the manufacture of industrial gases such as hydrogen.

The signing ceremony held at Bundang Doosan Tower in Gyeonggi-do was attended by representatives from both companies, including Song Yongjin, Head of Strategy and Innovation Division at Doosan Enerbility, and James Kim, CEO of Deokyang.

Deokyang is the largest hydrogen supply and production company in Korea, accounting for about 40% of industrial hydrogen distributed domestically and about 12% of the domestic carbon dioxide market.

Through this agreement, the two companies plan to collaborate on building related digital platforms by combining Doosan Enerbility's digital technology with Deokyang's chemical plant operation capabilities.

By introducing solutions optimized for chemical plants such as predictive diagnostics, plant optimization, and digital twins, it will be possible to minimize environmental emissions from plants, reduce costs, and increase plant operating rates. Furthermore, both companies agreed to establish a comprehensive cooperative relationship in the production, distribution, and utilization of hydrogen.

Song Yongjin, Head of Strategy and Innovation Division at Doosan Enerbility, said, “Doosan Enerbility’s digital business has demonstrated proven technology verified over several years at domestic and international power plants, building trust with customers. Taking this agreement as an opportunity, we will do our best to prove that the company’s digital solutions are versatile products applicable not only in the power generation sector but across the entire industry, and to expand our business areas.”

Since 2013, Doosan Enerbility has operated a ‘Digital Innovation’ organization composed of teams such as the Data Analysis Team and Digital Solutions Team. They have applied self-developed digital solutions, including the early warning solution for power plants called 'Prevision,' to domestic and overseas power plants, contributing to improved reliability and efficiency of power plants.

This content was produced with the assistance of AI translation services.