Samsung C&T, securing capacity for hydrogen production, transportation, and storage process ... Leap forward in green hydrogen business
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-03-31 06:47:28
[Alpha Biz=(Chicago) Reporter Paul Lee] Samsung C&T's construction division (Samsung C&T) has taken a leap forward in the green hydrogen business.
Participate in hydrogen transportation and storage plant construction project in cooperation with Japan's Chiyoda Corporation.
As a result, the business scope will be expanded from the existing green hydrogen business value chain (value chain) to hydrogen production and supply as well as hydrogen transportation.
Samsung C&T announced on the 30th that it signed a memorandum of understanding (MoU) with Chiyoda Corporation in Yokohama, Japan, using the 'SPERA hydrogen' technology.
Chiyoda is Japan's leading engineering company focusing on LNG· petrochemicals.
Meanwhile, in November 2021, Samsung C&T decided to strengthen active support and cooperation in green hydrogen production and infrastructure expansion through a comprehensive business agreement with the Saudi Ministry of Investment (MISA).
In January last year, Samsung C&T, POSCO, and the Saudi Sovereign Wealth Fund (PIF) signed a memorandum of understanding (MoU) to strengthen cooperation in the green hydrogen business.
In February last year, it signed a memorandum of understanding (MoU) with the Korea National Oil Corporation, Korea Southern Power Co., POSCO, and GS Energy to promote the construction of a hub terminal in the East Sea area that introduces, stores and supplies green hydrogen and ammonia produced overseas.
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