As Scotty says, PME is usually applied to overhead 4 wire distribution systems where the neutral is connected to a ground electrode several times a mile. This is not recommended for your application.
Consider a ground fault caused by contact between a hot conductor and your conveyor frame. Due to the impedance of the supply and grounding conductors there will be a voltage drop in the hot or supply conductor and a voltage rise in the grounding conductor. This voltage rise will show up as a potential difference between the conveyor frame and ground. This is a touch voltage and may be lethal. Connecting the conveyor frame to a local ground grid will create an equi-potential zone around the conveyor and greatly lessen the magnitude of touch voltages. This is a simplification, note that the operative word in the previous sentence is "lessen" not "eliminate".
A ground rod will lessen hazard in the area of the ground rod. A buried cable grid surrounding the conveyor will provide much better protection.
As an example, not a rigorous solution, a ground rod at one end of the conveyor frame may not protect a person touching the other end of the conveyor frame, but a buried cable surrounding the conveyor frame so that a person touching the conveyor frame must be standing over the buried cable or between the buried cable and the conveyor frame will be much better protection than driven rod electrodes. The buried cable will be connected to the conveyor frame at intervals that may be from 10 feet to 50 feet.
This is not a design but an example to show the difference between the protection afforded by a rod electrode and a ring cable electrode.
If you must design to a standard the analysis will include factors such as the depth of burial, the conductivity of the soil and the fault current magnitude.
A theory of a rod electrode is to provide a low impedance return path so that the machine frame stays at ground potential. However, with serious ground faults, there may be a voltage gradient in the ground. This voltage gradient gives rise to step and touch potentials which may be lethal.
The theory of a grid surrounding the machine is, in addition to providing a low impedance path to ground, to create an equipotential zone surrounding the machine (based on the theory of the Faraday cage). Should a fault be so severe as to cause a voltage rise on the machine frame, the voltage rise will extend out to the area of the buried cable and even though the frame of the machine rise above ground potential, the buried cable will cause the earth encircled by the cable electrode to rise to the same potential as the machine frame. Again this is a simplification subject to a rigorous analysis.
Bill
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"Why not the best?"
Jimmy Carter