Yujin Energy Technology

Energy conservation is becoming a primary means of reducing energy expenses. Yujin Energy Technology, a key player in South Korea, offers consultation services for power plants and industrial facilities to stay at the forefront of this trend. It assesses energy use in various stages of production, transportation, use, and recovery, and employs a distinctive approach of conducting a plant’s exergy analysis to identify energy losses. This strategy enables clients to implement top-quality solutions to address their energy wastage concerns.

“We know that energy and the environment are closely related, and we believe that energy savings can contribute significantly to mitigating climate change and reducing greenhouse gas emissions,” says Joongyong Yi, CEO, Yujin Energy Technology.

Its approach to facilitating energy conversion depends on four pillars; simulation, exergy analysis, process monitoring, and process design. Backed by these pillars, Yujin provides consulting and engineering services that focus on analyzing energy usage throughout the entire production process including utility like steam, water, compressed air etc. It collaborates with clients and understands their current needs and future prerequisites before creating appropriate improvement plans. Once they accept the proposals, it provides engineering services to facilitate reduced energy consumption.

Yujin’s customer-centricity extends beyond improvement plans. It evaluates the outcomes of its improvement plans and suggests iterative changes over the years, enabling clients to evolve seamlessly with the industry. Even after the consultation period ends, Yujin presents robust roadmaps for maintaining energy conservation in client facilities.

As the only company that leverages the exergy analysis method for its energy consultation, Yujin is garnering attention from sustainability-focused companies worldwide. Its approach is highly reliable. The exergy values are calculated for each stream based on the mass and energy balances of the target process. It can be performed at various levels to identify the cause of energy loss and suggest design criteria to minimize it. It can also provide insight into the performance of the process. Using the exergy analysis method, clients can analyze the process relatively quickly and propose specific measures for saving raw materials or fuel.

Specialized software is used to simulate the exact conditions of equipment installed on a power plant or industrial plant site. Clients can accurately analyze operating efficiency and energy flow charts. Yujin also provides consulting on the derivation of optimal conditions, alternatives for improvement, and rationalization of production processes, thermal systems and utilities, and power plant processes to improve market competitiveness.

Yujin’s competencies proved helpful for a paper manufacturing company in one instance. They were paying $200 million in annual energy costs since 2012. The location and amount of energy loss were quantified and presented using exergy analysis. Through the initial consulting results and implementation, the client could reduce energy costs to 160 million dollars after one year and to 120 million dollars after five years. Currently, they are preparing to consult for process improvement and working to optimize processes through exergy analysis.

The R&D services provided by Yujin to public corporations help them develop and commercialize new technologies, propose and apply plans for optimal process configuration, and develop system improvement measures to maximize profits. It has experience in carrying out large-scale government-sponsored R&D projects, for instance, Development of Carbon Capture, Utilization and Storage system, Standardization of Combined Cycle Power Plant.

Each form of energy usage can make an impact on the environment. It is important to manage the use of these energies. Yujin is doing its part, contributing to the mitigation climate change and reduction in greenhouse gas emissions.