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PIELDS Engineering is an enterprise specialized in plant EPC (Engineering, Procurement and Construction). The company carries out every phase of engineering, procurement and construction of oil refinery and petrochemical plant. It is inching towards a leader in the relevant industry based on solid technolgy. The company is making steady progress by securing continuous and significant orders with noticeable advancement compared to the magnitude and short history. In line with the Green New Deal Project promoted by the government, PIELDS Engineering is coming to the fore.

 

Flare is one of the most important systems in the petrochemical industry. When the internal pressure of equipment in the petrochemical plant rises in an abnormal manner, flare prevents the equipment from exploding. The inappropriate operation of this system can result in a large-scale disaster. Therefore, it is evaluated, in the relevant industry, that flare is the last bastion taking responsibility for safety of plant. PIELDS Engineering boasts its peerless flare technology at home and abroad.

 

◇ Green Story: CEO Na Chang Hun (engineer) achieved development with perseverance “in pursuit of total solution”

 

Na Chang Hun, CEO of PIELDS Engineering (photo) majored in industrial chemistry and joined Korean Oil Corporation (today’s SK Innovation). In quality of engineer, he focused on research and development related to flare. Afterwards, SK E&C established standards of flare design. By participating in the megaproject such as plant construction in Cadereyta de Montes of Mexico, reliability and appropriateness of the company’s flare technology had been officially verified. This contributed to saving costs of tens of billions of won for the customer, leading to a sharp increase of attention on flare.

 

Na Chang Hun continued with upgrading flare technology through constant development. After having worked in SK E&C, he founded PIELDS Engineering in 2006. He put the initial capital of 50 million won in by himself. He secured some engineers to work with and started to expand the market. From the early stage of business, sales were successfully generated. He managed the business without depending on external investment. This is the proof of his company’s technological competitiveness publicly recognized. Thus, he revealed his strong presence in the realm of plant EPC.

 

The business areas that count on PIELDS Engineering are composed of oil refinery, petrochemistry, offshore plant, power generation and gas plant. The company’s main customers constitute SK Energy, S-Oil, Lotte Chemical, Hanwha Chemical, LG Chem, Kolon Industries, Daelim Industrial and Hyundai Engineering. Furthermore, the company is in the process of extending the scope of market towards the Middle East, beyond the domestic boundary. PIELDS Engineering aims to be the world’s best enterprise specialized in “Flare Total Solution.”

◇ Green Tech: Reduction of “pillars of fire” in petrochemical industry and recycling in the plant to lead in renewable and eco-friendly EPC

 

Petrochemical complexes are required to execute flaring as a process of decreasing pressure inside the plant and incinerating residues. The blazing pillars of fire symbolize petrochemical industry, but they have disadvantages of causing noises and strong smells. In particular, they produce a great amount of energy consumption. Hence, the relevant industry has to confront the situation of solve not only complaints of local residents regarding the flaring but also costs involved.

 

​PIELDS Engineering solves such problems, by diminishing the capacity of flare up to 60 % in terms of design. This brings about reduction of gas unnecessarily consumed. Customers can benefit from cost reduction ranging from billions of won to tens of billions of won, depending on the scale. This system contributes to bringing the dual effects of reduction in both operation costs and risk possibilities in the facilities. The company excels in technology and price competitiveness compared to other competitors.

​“Flare Total Solution” aims at zero flaring. This covers every stage of basic design of the plant, materials supply and construction. The traditional flare system fails to measure the quantity of flaring during operation and installation was allowed only during the suspension of the plant. The system breaks down with frequency. However, the total solution of PIELDS Engineering is able to solve such problems all at once. The greatest advantage can be found in the features that the new system not only reduces flaring but also recycles in the plant after having recovered gas.

​The reinforcement of management standards of flaring is on the rise. In our country, the Ministry of Environment is tightening the relevant standards. It is estimated that diminishment of the amount of flaring will be obligatory for petrochemical complexes. Since flaring management is closely related to carbon emission training, it is a highly important issue to deal with. This is why sales increase of PIELDS Engineering is expected to be viable.

​◇ Green vision: Aiming to be the leader in East Asia, Central Asia and Europe as a pacemaker of “Green Survival”

​PIELDS Engineering is fully occupied with marketing. Having secured customers of key companies from home and abroad, the company is making every effort to attract more customers. In particular, it mainly targets Asia, including Southeast Asia such as Indonesia and Malaysia and Middle East such as Iran and Saudi Arabia. The company also wishes to expand the European market starting with the Czech Republic. Lately, PIELDS Engineering is in the process of reaching an agreement of orders equivalent to one trillion won with a petrochemical plant.

​Na Chang Hun, CEO of PIELDS Engineering states, “I achieved Flare Total Solution with a strong sense of vocation towards flare. It is a disruptive technology creating the upheaval in the relevant industry.” He emphasized, “this environment-oriented technology will settle as an essential system in the future. We aim to lead in the world market after expanding our corporate influences by increasing marketing workforce and establishing overseas branches.”

<PIELDS Engineering owns “Flare Total Solution” technology that effectively reduces flaring (pillars of fire) in oil refinery and petrochemical plants.>