Beautiful Environmental Construction Co., Ltd.
Crude Oil Remediation Services
Most contamination from crude oil extraction in industrialized countries occurs through pipeline leaks
and soil contamination from crude oil sludge. Crude oil contains both highly volatile substances
and low-volatility substances such as heavy oils, with most volatilizing and soil contamination
primarily caused by heavy oils with low volatility.
In Kuwait in the Middle East, 798 oil wells were destroyed due to past Iraqi invasion,
resulting in the formation of Oil Lakes (Pits) as emergency collection sites.
Kuwait secured approximately $3.65 billion in funding through claims to the UNCC (UN Compensation Committee)
and is progressively pursuing reconstruction/restoration projects.
Beyond special cases like Kuwait, crude oil-producing countries such as Russia and Egypt
are experiencing various environmental pollution from oil contamination,
and the need for remediation is increasing.
| Category | Current Market Size (2015) |
Projected Market Size (2020) |
|---|---|---|
| Global Market (Oil-Contaminated Soil Remediation) | KRW 400 billion | KRW 2.65 trillion |
| Korean Market (Crude Oil Sludge Treatment) | KRW 10 billion | KRW 12 billion |
Selected as Qualified Contractor by Kuwait Oil Company (KOC) (June 2015)