EPC Partnership Agreement Executed with PIELDS Engineering

Joint Procurement of Orders for Secondary Battery Companies/Preemptive Market Leader Expected 

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KARI (Representative Director: KIM Pan-Chae), a company specialized in wastewater treatments, announced on the 2nd that it executed an agreement on joint procurement of projects and business cooperation with PIELDS Engineering, a plant EPC (engineering/procurement/construction) partner on the 22nd of the last month.

KARI holds an independently developed patented technology in Korea led by KIM Pan-Chae, a doctor of engineering, for proper treatments and recycling of hypersaline wastewater generated during production of precursors for cathode materials of secondary battery. Last year, the company succeeded substantiation of proper treatment for wastewater from 2 leading companies of secondary battery.

This technology is designed to convert hypersaline wastewater causing ecotoxicity into high value-added resources. KARI states that the technology is a novel eco-friendly technology realizing ‘recycling of wastewater into resources’ where the wastewater is recycled through separation and crystallization of wastewater through upgraded technology and final treated water can be reused for industrial or agricultural water.

While manufacturing facilities of precursors, a key element of secondary battery cathode materials, generate thousands of tons of wastewater on a daily basis, this is the one and only innovative technology capable of treating massive hypersaline wastewater.

PIELDS Engineering is a veteran company of EPC green new deal from basic designs of plants to supply of materials and constructions as it has already been engaging in designs and constructions of gigantic production companies of precursors for cathode materials of secondary battery.

These two companies are expected to preemptively and quickly occupy the market as they jointly try to procure orders and perform sales activities by targeting secondary batters manufacturers.

“We plan to pursue business venues of commercialized plants within the Saemangeum industrial complex together with PIELDS Engineering,” YANG Hee-Kyung, the President of KARI business, said. “In the future, we aim to contribute to the global secondary battery industry with our own technology by expanding this plant to Europe and the United States,” YANG added.