Hosted by the Mary state government of Turkmenistan, the Mary Filtration Plant construction project is set to demolish the existing filtration plant and construct a new filtration plant of 120,000 m3 and a water intake station of 240,000 m3. For construction of the new filtration plant, POSCO Engineering will use the EPCm (Engineering, Procurement & Construction management) method which handles processes from drawing, to procurement and construction as one package. Daewoo International will add support by supplying materials and equipment through its global networks.

With this partnership, POSCO Engineering has established a foothold for entering into the global water environment industry, which is expected to be valued at 865 billion USD (about 950 trillion KRW) by 2025. This was the result of POSCO’s continuous efforts to solidify its position as a global EPC company through constant securement of contracts in chemical, infra and industrial plant areas, as well as to accumulate its business know-how and technical capabilities in the local water environment area, such as water supply and drainage system and water treatment. Park Jung-hwan, CEO of POSCO Engineering said, “This agreement is especially meaningful since it’s our first business in Turkmenistan where rapid industrial structure acceleration is in process based on its abundant natural resources. This agreement will serve as a foundation to obtain additional contracts for constructing filtration plant, wastewater disposal and desalination system, and to enter into CIS countries.”

Ovezguly, CEO of Chakmak Dashy, Park Jung-hwan, CEO of POSCO Engineering and Yoo Duk-sang, Vice President of Daewoo International

Be sure you never miss any of the exciting steel stories from The Steel Wire by subscribing to our blog.

Yet, the quality standards for advanced steel used for drilling, producing, transporting, conserving and handling energy resources for oil and gas are becoming stricter so that steel can better endure the harsh drilling environments of the deep sea and polar areas, two domains on the radars of oil exploration geologists.

At this year’s Offshore Technology Conference (OTC), the world’s largest marine technology exhibition, which was held from May 4 to 7 in Houston, Texas, POSCO showcased its efforts on such developments. Included were its lineup of high-grade steel products, as well as the firm’s cross-department collaboration system between steel plants, laboratories and marketing departments, among others, to improve the development of functional, advanced steel.

Considered the leading forum for gathering and sharing offshore oil and gas information (as well as unveiling some impressive machinery), the goal of the conference, according to its website, is to “advance scientific and technical knowledge for the safe, environmentally friendly and sustainable development of offshore oil and gas resources.”

Despite recent low oil prices, the 2015 OTC attracted over 94,000 attendees, making it the sixth largest in its 47-year history. Additionally, approximately 2,700 major oil and global EPC (Engineering, Procurement and Construction) companies from 37 countries participated.

Among these, POSCO represented South Korea, aiming to continue its solution marketing activities for advanced steel for energy, production and technology, as well as steel utilization techniques.

Introducing a variety of the company’s products and technologies, POSCO’s exhibition consisted of four zones: energy plants, energy pipes, shipbuilding, and manganese steel sectors. At the booth, a video on steel-making technology was presented to help attendees better understand steel products.

POSCO displayed its strength as a “total solution provider,” which has helped the firm to simultaneously strengthen its position in the steel market and discover new business opportunities.

Since it first participated in the OTC in 2008, POSCO has operated a booth annually as part of its demand development activities, which have led to the company’s increasing development of energy steel in a short period of time. Moreover, POSCO’s progressive product promotion and supplier certification activities have resulted in a successful long-term contract for the blanket supply of energy steel, and have solidified technical cooperation with clients.

As new advancements are made in offshore drilling technology, the utilization of steel in the industry will also evolve. POSCO will continue to adapt to such changes, and will work hard to manufacture sustainable, quality products to meet the demands of its clients.