Hanwha Power Systems
Hanhua Power Systems, with its long-term accumulated technology, experience, and trust in the field of gas turbines, has sold over 4500 units globally since its inception in 1997 and has now developed into a multinational corporation. At present, based on air compressors widely used in various industrial manufacturing fields, gas compressors for power plants are constantly being developed; BOG (Oil off Gas) compressors, ultra-low temperature compressors, and expanders used for LNG receiving stations and complete equipment; Technology intensive products such as LNG carrier compressors achieve high added value for the products.
Hanhua Power Systems is the only energy equipment company in South Korea with the ability to independently design, produce, and test large capacity high-pressure gas compressors. With rich experience accumulated in the global energy equipment market, we are continuously expanding our business scope to new concept power generation solutions.
Since entering the gas compressor market in 2011, it has developed into the only energy equipment company in South Korea with the ability to independently design, produce, and test large capacity high-pressure gas compressors. Among them, high-efficiency compressors and expanders provide customers with competitive products with their on-time delivery capabilities and self-developed core components. In 2013, the world’s largest air-cooled turbo compressor SA3100 was launched. In 2014, the world’s first offshore VRU (Vapor Recovery Unit) turbo compressor supply agreement was signed, and the business scope continued to expand. In 2015, we entered the LD/HD compressor market for LNG transport ships, providing the best solution for shipbuilding enterprises.
Hanhua Power Systems has rapidly developed into a multinational energy equipment company using its global business and research and development network, and is committed to establishing long-term business partnerships on the international stage. The company is continuously accelerating its global cooperation pace, currently having 6 business offices worldwide, production facilities in South Korea and China, and a research and development center in Houston, USA.
Recently, Hanwha Power Systems has focused on establishing close cooperative relationships with important clients in the oil and gas industry. In the first half of 2016, we obtained supplier approval from Saudi Aramco for API617 and API672, and signed a memorandum of understanding with GE Oil&Gas in the United States for the supply of gas turbines and their supporting facilities, expanding our external cooperation.
Hanhua Power Systems’ business vision is to strive to become a comprehensive energy solutions provider. To this end, we will strengthen the product portfolio of our compressor business and expand our business scope to include turbine projects applicable to the petroleum and gas and power generation industries. To ensure the power generation system solution, we undertook the sCO2 engine power generation project from the US Department of Energy in 2015 and are currently collaborating with SWRI Research Institute in the United States. The industry expects the sCO2 project to replace the existing steam turbine market and bring a major turning point to the decentralized power generation market. In 2017, we collaborated with Korea Electric Power to develop environmentally friendly and efficient generators – pure oxygen combustion gas turbines, which is expected to ensure the company’s leadership position in the market for environmentally friendly power generation solutions.