DYPNF Signs Construction Contract Worth 8.7 Billion KRW with Cosmo Chemical

Published 22 May.2023 15:24(KST)

DYPNF, a specialist in ultra-precision powder conveying systems, is expanding its influence in the secondary battery sector by signing an additional contract with Cosmo Chemical.

On the 22nd, DYPNF announced that it had signed an additional contract worth 8.7 billion KRW for the construction of a precursor raw material manufacturing process for secondary batteries with Cosmo Chemical.

This project involves constructing a precursor raw material manufacturing process for secondary batteries at Cosmo Chemical's Onsan plant. It produces metal nickel and metal cobalt, which are considered key materials for secondary batteries. This is an additional contract to the order agreement signed with Cosmo Chemical last year.

A DYPNF representative stated, "Based on the technology and reliability accumulated through various projects over the past 30 years, we have signed an additional construction contract related to secondary battery raw material production with Cosmo Chemical." He added, "Using the contract with Cosmo Chemical as a stepping stone, we will actively pursue new project orders in the eco-friendly sector. We will strengthen our competitiveness and expand our market share in the eco-friendly markets such as secondary batteries and waste battery recycling, which are future growth businesses."

DYPNF has expanded its value chain to cover the entire process of secondary battery raw material production, including conveying equipment. It is responsible for the entire process of detailed design, equipment supply, and installation construction for the construction of the precursor raw material manufacturing process for secondary batteries at Cosmo Chemical's Onsan plant, handling an EPC (Engineering, Procurement, and Construction) project worth 40 billion KRW.

As a global leader in the powder conveying system field, DYPNF possesses PCS technology that uses pneumatic pressure to convey powder. Leveraging its unparalleled technology, including the largest powder conveying capacity and minimized dust explosion risk, as well as successful domestic and international track records, the company is actively entering new markets such as petrochemical compounding, secondary batteries, waste plastics, and liquefied hydrogen.