▣ Establishment of EPC Contracting Business
Investor (Owner)
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Seeks to generate profit through plant operation (production and sales)
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Expects the completion of a high-performance plant at a low cost within a short period
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Plant Construction
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Involves different work processes (design, procurement, construction, commissioning)
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Requires expertise, diversity, high-level technology in each process, and the involvement of related companies
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Since the owner’s main business is plant operation, they lack the capability for plant construction.
-> This brings forth the core issue of “efficient integrated management” in plant construction.
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[ Plant Engineering Companies or EPC Contractors ]
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Specialized field that performs integrated management of plant construction
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EPC Contracting Business is a primary business area
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Numerous companies exist in Korea, the United States, Japan, Europe, etc.
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▣ Meaning of Plant Engineering
(1) Definition (by Japan Chemical Engineering Association)
Engineering, Procurement, Construction, Commissioning (EPCC)
A comprehensive operational technology that, from the initial corporate planning and research to design, procurement, construction, and commissioning, organically integrates various specialized technologies, manages and coordinates them based on a unified idea in terms of budget, schedule, quality, and rationality, and organizes them efficiently and economically.
(2) Plant Construction Project Execution Organization
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Carried out by a project team formed after contract signing
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Consists of the Project Management Team (manages the project) and the Project Work Execution Team (directly performs construction work such as EPCC)
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Operated as a Matrix or Task Force organization depending on the project’s nature
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▣ Workflow of Plant Engineering
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Performed throughout the entire life cycle of a plant project
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Plays a leading role from the Proposal stage for bidding to the Closing stage after project completion