Hyundai E&C and the Korea Energy Research Institute announced on November 18 that they had signed a ‘business agreement (MOU) for cooperation and commercialization of energy sector technology development’ to realize carbon neutrality. The agreement ceremony was held at Hyundai E&C’s headquarters in Jongno-gu, Seoul, with key officials from both companies in attendance, including Hyundai E&C President Yoon Young-joon and Director Kim Jong-nam of the Institute of Energy Technology.
Through this Memorandum of Understanding, Hyundai E&C and Han Energy Research Institute agreed to cooperate in the fields of △CCUS (carbon capture, use and storage) △ hydrogen production, storage and transportation △ new and renewable energy (solar, wind, and biogas ).) In the future, we intend to actively cooperate in technology and knowledge exchange and promote commercialization in the field.
Hyundai E&C is expected to create major synergies in the clean use of carbon energy, such as CO2 capture and chemical conversion, as well as hydrogen production, supply and use technologies through cooperation with the Energy Technology Research Institute, which has leading technologies in the field of energy. field
Hyundai E&C and the Energy Research Institute plan to join forces to play a central role in the transformation of eco-friendly and low-carbon industrial infrastructure, together with the realization of carbon neutrality associated with future start-ups and business strategies with the signing. this business agreement.
Yoon Young-joon, CEO of Hyundai E&C, said, “At a time when energy conversion and carbon neutrality are emerging as the challenges of the age, we will secure core technologies in the energy field that will achieve carbon neutrality and leads the hydrogen economy. society through collaboration with the Institute of Energy Technology, I will take the lead in building it,” he said.
Kim Jong-nam, director of the Energy Technology Institute, said, “We will actively support Hyundai E&C to become internationally competitive in the energy sector by realizing carbon neutrality.”
Meanwhile, Hyundai E&C was selected as a research and development organization responsible for a national project in the field of CCU (Carbon Capture, Utilization) of the Ministry of Science and ICT last June, and took a total of 12 organizations including the Energy Technology Research Institute joint participation. technology development CCUS field Research and Development Collaboration and demonstration projects are underway.
