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Doosan Engine Co. Granted KRW 5 Billion to Support Field Lab (2016.02.23)
- Date : 2016-03-08
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Korea Institute of Science and Technology (Dr. Lee Byung Gwon, President) and Doosan Engine Co. (CEO Kim Dong Chul) of Doosan Group (Chairman Park Young Man) signed an agreement for KRW 5 billion funding to establish a lab in the field and facilitate research cooperation for ‘Next Generation Eco-friendly Catalyst Development.’
With research funding of the Ministry of Science, ICT and Future Planning (Minister Choi Yang Hee), KIST research team, led by Dr. Ha Heon Phil ran the project of ‘Development of Denitrogenation Catalyst for Ship Fuel Gas Processing’ and succeeded in developing low temperature denitrogenation catalyst for fuel gas for the first time in the world. Generally, in the past, the researches around the world were focused on installing catalyst on the fore part of supercharger but in 2015 KIST and Doosan Engine Co. became the first to develop and demonstrate the technology to process fuel gas in low temperature in rear part of supercharger of the ship.
KIST and Doosan Engine Co. would not sit complacent and agreed to build longer-term relations to develop eco-friendly catalyst technology, based on the lesson that convergence of materials technology of government-funded institutes and system development of the industries can speed up the development process. With renewed commitment, the parties will continue efforts to improve competitiveness and secure technology base and growth engine for shipbuilding industry of Korea.
To this end, Doosan Engine agreed to provide KRW 5 billion research fund (annual funding of KRW 500 million for 10 years) and cooperate for early commercialization of the technology with support of existing engine models and demonstration technologies. The catalyst technology developed in 2015 has already been applied and a doze of ship engines are being manufactured with the technology. It is expected be an exemplary case of SME-big enterprise-government-funded institute cooperation as catalyst module and materials are being manufactured by local SMEs.
President Lee Byung Gwon of KIST said “KIST will not stop at just developing original technologies. It will make allout efforts for commercialization to ensure that these technologies can lead to national growth engine development and job creation in the industries.”
Kim Dong Chul, CEO of Doosan Engine said “Following the global trend of interdisciplinary technology cooperation, Doosan has the experiences of bearing great success by converging technologies developed by government-funded institutes with industry technologies and I expect that Open Innovation cooperation with KIST will lead to a greater success.”
As we have seen in the scandal of Volkswagens in the car industry, the implication and market of eco-friendly materials technology is still growing (According to Clarkson Shipbuilding Market Overview (2013), it is expected to be KRW 900 billion by 2019) and as IMO is toughening regulation on fuel gas from vessels, explosive ripple-down effect from fuel gas catalyst technologies is expected in ship engine industry and shipbuilding industry.