From Carbon Capture to Hydrogen: Sungho Park of Busan-Jinhae Free Economic Zone Authority Visits Jeonjin Entec to Discuss Growth Strategies
Core Technology in Petrochemical and Gas Plants
Review of Business Status in the Eco-Friendly Energy Sector
Jeonjin Entec, a Busan-based plant equipment company expanding into the eco-friendly energy market, is accelerating its efforts to secure future growth engines by focusing on carbon capture, utilization, and storage (CCUS) and hydrogen facilities.
The Busan-Jinhae Free Economic Zone Authority (headed by Sungho Park) also visited the site to assess the company’s technological competitiveness, identify challenges, and discuss support measures.
The visit focused on a Busan company that is broadening its business scope from plant equipment technology to include eco-friendly energy sectors such as hydrogen and carbon capture (CCUS). The Busan-Jinhae Free Economic Zone Authority visited the company to review its future strategies and challenges and to discuss possible support measures.
On August 6, the Busan-Jinhae Free Economic Zone Authority visited Jeonjin Entec Co., Ltd. (CEO Byungkuk Kim), a plant equipment specialist located in the Busan Gangseo-gu International Industrial Logistics City General Industrial Complex, to review the company’s business operations and hold an on-site meeting.
Sungho Park, Director of Busan-Jinhae Free Economic Zone Authority (4th from left), is taking a commemorative photo of the onsite meeting with Byungguk Kim, CEO of Jeonjin Entech Co., Ltd. (3rd from left).
View original imageThis visit was organized to observe the production site of a company that is expanding into the eco-friendly energy sector in response to global industrial changes and to directly hear about management difficulties and support needs.
On this day, Sungho Park, head of the authority, received a business update and growth strategy briefing from CEO Byungkuk Kim and Technical Research Center director Byungdon Lee, followed by a tour of the production facilities. They also reviewed the manufacturing process and design and fabrication technologies of major products, including column internals for chemical equipment.
Founded in 2003, Jeonjin Entec is a specialist in the design and manufacture of key equipment used in petrochemical and gas plants. The company produces carbon capture facilities, LNG reliquefaction and transport systems, sulfur oxide and ammonia gas treatment facilities, and high-purity hydrogen gas equipment.
Jeonjin Entec has obtained the U and U2 stamps, which are ASME (American Society of Mechanical Engineers) certifications for industrial equipment manufacturing, and established an international quality management system, enabling the company to be recognized for its competitiveness overseas. In 2016, the company received the "10 Million Dollar Export Tower" award.
Recently, the company has been expanding into the eco-friendly energy sector, utilizing its existing plant equipment manufacturing expertise to offer LNG bunkering, hydrogen and ammonia equipment, and carbon capture (CCUS) facilities.
CEO Byungkuk Kim stated, "To respond to industrial environmental changes, we are continuously identifying new growth areas based on our existing technological capabilities. We will expand further into domestic and international markets by leveraging our strengths in design, manufacturing technologies, and quality competitiveness."
Head Sungho Park commented, "Jeonjin Entec is a company that possesses plant design and manufacturing technology accumulated over many years, as well as quality competitiveness based on international certifications. We will continue to provide field-oriented support so that the company can achieve results not only in its traditional core business areas but also in future growth sectors."
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The Free Economic Zone Authority plans to continue its on-site visits to major tenant companies to identify challenges and develop support measures in cooperation with related agencies.
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