Forward Looking StatementScope of Work : EPC Turnkey including Pre-FEED, FEED, & Commissioning...
Transcript of Forward Looking StatementScope of Work : EPC Turnkey including Pre-FEED, FEED, & Commissioning...
Forward Looking Statement
This presentation contains forward-looking statements concerning the businesses of POSCO
E&C. All statements other than statements of historical fact are, or may be deemed to be,
forward-looking statements. Forward-looking statements are statements of future expectations
that are based on current expectations and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or events to differ materially from
those expressed or implied in these statements. Forward-looking statements include, among
other things, statements concerning the potential exposure of POSCO E&C to market risks and
statements expressing management’s expectations, beliefs, estimates, forecasts, projections
and assumptions. These forward-looking statements are identified by their use of terms and
phrases such as “achieve”, “anticipate”, “forecast”, “envision”, “believe”, “could”, “estimate”,
“schedule”, “expect”, “intend”, “may”, “plan”, “objectives”, “outlook”, “probably”, “project”, “will”,
“seek”, “target”, “risks”, “goals”, “should” and similar terms and phrases. All forward-looking
statements contained in this presentation are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section. Although POSCO E&C believes
that in making such forward-looking statements our expectations are based upon reasonable
assumptions, such statements may be influenced by factors that could cause actual outcomes
and results to be materially different from those projected by us. POSCO E&C cannot assure
you that the assumptions upon which these statements are based will prove to have been
correct.
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POSCO E&C – The Optimum Solution Provider
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Gwangyang SNG Plant
Coal Gasification Projects in POSCO E&C
Client: POSCO
Contractor: POSCO E&C (EPC Turnkey including PDP, FEED, & Commissioning)
Plant Capacity: SNG 500,000 ton/year (85,000 Nm3/hr)
Coal Consumption: 1.8 Million ton/year (5,350 kcal/kg Coal)
Key Process Licensors: CB&I (Gasification) / Linde (CO Shift & AGR) / Haldor Topsoe (Methanation)
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Brazilian SNG Project
General Information
Client : Copelmi Mineraçao LTDA
Location : Eldorado do Sul, RS, Brazil
Production Capacity : SNG 2,000,000 m3/day
Coal Source : Guaiba Mine (200 million tons of coal reserve)
Coal Consumption : 3 Million ton/year (3,600 kcal/kg with 48 wt% ash – dry basis)
Coal Gasification Projects in POSCO E&C
Project Schedule 2015.06 2017.01 2020.2Q 2014.08
Mechanical Completion
FEED
(By FEED Company)
Pre-FEED
EPC
PDP (By Licensor)
2 stage (18 months)
• Preparation of PDP(Process Design Package) • Integration of PDPs • Design of utilities and offsite • Estimation of investment cost (±15% accuracy) • EPC Schedule
• Feasibility Study - Market Study - Gasification Study - Conceptual Design - Economic Analysis • Financial Model
Development • Process Licensors
Selection
1 stage (10 months) 3 stage (40 months) 2020.4Q
Commercial Production
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Mongolian CTL Plant
General Information
Client : Joint Venture of POSCO & MCS
Location : Baganuur, Mongolia
Scope of Work : EPC Turnkey including Pre-FEED, FEED, & Commissioning
Production Capacity : Diesel 420,000 ton/year, DME 100,000 ton/year
Coal Gasification Projects in POSCO E&C
Project Schedule
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Samcheok SNG Plant
General Information
Client : Korea Southern Power Company (KOSPO)
Location : Samcheok, Korea
Production Capacity : SNG 500,000 ton/year
Coal Gasification Projects in POSCO E&C
Project Schedule
2015.02 2016.06 2019.3Q 2014.03
Mechanical Completion
FEED
(By FEED Company)
Pre-FEED
EPC
PDP (By Licensor)
2 stage (18 months)
• Preparation of PDP(Process Design Package) • Integration of PDPs • Design of utilities and offsite • Estimation of investment cost (±15% accuracy) • EPC Schedule
• Feasibility Study • Financial Model
Development • SPC Establishment • Licensors Selection
1 stage (12 months) 3 stage (40 months) 2019.4Q
Commercial Production
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Progress Update on Gwangyang SNG Project
Project Progress (as of August 2014)
Process Design Package (PDP) & FEED : 100% Completed
Detailed Engineering : 99.9%
Procurement : 92.8%
Construction : 88.8%
Main Construction Quantity
Equipment : 470 types, 900 EA
• Stationary Items : 335 types, 600 EA
• Rotating items : 95 types, 250 EA
• Package items : 40 types, 50 EA
Piping : 1,000,000 Dia inch
Man Power Mobilization
Management/Procurement: 900,000 MH
Engineering: 700,000 MH
Construction: 3,400,000 MH
Total: 5,000,000 MH
Number of Workers at the Site : 1,621 persons (as of October 21st, 2014)
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SNG Site in Gwangyang, Korea
Satellite Map in 2008
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SNG Site in Gwangyang, Korea
Satellite Map in 2014
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SNG Site in Gwangyang, Korea
July 2009
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June 2012
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September 2012
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September 2013
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December 2013
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March 2014
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May 2014
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August 2014
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October 2014
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2014 Gasification Technologies Conference