"Welcron Hantec Re-evaluated for Semiconductor Water Treatment as PF Risk Resolves"

An analysis has emerged suggesting that Welcron Hantec should be re-evaluated as a player in the semiconductor water treatment and artificial intelligence (AI) power infrastructure sectors.

On September 16, Park Changyoon, a research fellow at GL Research, stated, "Welcron Hantec began with water treatment and industrial process equipment, and has since expanded its business scope to include waste-to-resource and energy conversion, establishing itself as a comprehensive engineering, procurement, and construction (EPC) company." He added, "The company possesses high-concentration nitrogen treatment technology utilizing anaerobic ammonium oxidation (ANAMMOX)."

ANAMMOX is an advanced treatment process that removes nitrogen from wastewater by utilizing anaerobic ammonium-oxidizing microorganisms. This method reduces oxygen consumption and eliminates the need for an external carbon source, making it advantageous in terms of energy usage and operating costs. Welcron Hantec acquired this technology through technical collaboration with the Dutch firm Paques.

Park explained, "With the increasing scale of semiconductor production facilities, securing ultra-pure and process water, as well as the importance of advanced wastewater treatment and water reuse facilities, has grown significantly. Welcron Hantec is expanding its application areas for advanced industries based on its accumulated water treatment technology from industrial wastewater treatment and power generation/public environmental facilities."

He added, "The company has secured references for water reuse, such as establishing high-concentration paper wastewater treatment facilities with a capacity of 5,000 cubic meters per day at the Korea Paper Manufacturing plant in Siheung, and implementing a water utilization system at the Kabat thermal power plant in Iraq. The government is also creating a favorable policy environment by setting targets to increase the sewage treatment water reuse rate from 8% to 25%, and the use rate of reprocessed industrial water from 15% to 22.9%."

Park further stated, "Welcron Hantec is currently executing integrated water treatment projects for Andong and Haman combined cycle power plants in Korea, covering everything from pure water manufacturing to wastewater reuse and treatment. For the Gatun combined cycle power plant in Panama, the company supplied seawater desalination and wastewater treatment facilities. The increased investment in power infrastructure is expected to generate new demand in the existing power water treatment business, providing additional growth momentum for the environmental plant segment."

He continued, "The project financing (PF) risk related to the construction of the Siwha Multi-Techno Valley (MTV) complex facility was resolved, resulting in the reversal of 19 billion won in allowance for bad debts in the first half of this year. The construction division is also seeing normalization in orders, exemplified by the additional 79.9 billion won contract for the Bukwirye Village new construction project, following KB Golden Life Care Seocho and Eunpyeong projects. As a result, the company's value is expected to recover."

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