27-05-2022
CB&I signs MoU with Korea Gas Corporation to support hydrogen economy in South Korea
McDermott's storage business, CB&I, and Korea Gas Corporation (KOGAS) have signed a memorandum of understanding (MoU) to explore the development of large-scale liquid hydrogen storage to support Korea's Hydrogen Economy Roadmap.
Last year, South Korea announced plans to achieve carbon neutrality by 2050 by replacing coal-fired power generation with renewable sources and internal combustion engine vehicles with hydrogen-powered and battery-based electric vehicles.
KOGAS has grown into the largest LNG-importing company in the world and operates four LNG regasification terminals and 4,945 km of natural gas pipelines in South Korea.
"Hydrogen has emerged as a key enabler to meet these decarbonization goals and KOGAS will play a leading role in building the infrastructure for hydrogen shipping, storage and distribution to make these ambitions a reality," said Seung Lee, Executive Vice President of KOGAS.
CB&I specializes in designing and building field-erected pressure spheres capable of storing liquid hydrogen at temperatures of minus 423 degrees Fahrenheit and is nearing completion of the world's largest liquid hydrogen sphere in Cape Canaveral, Florida, USA. Their history in this field spans more than 60 years.
"Viable storage solutions on both ship and shore will be fundamental for South Korea to realize its carbon neutrality goals," said Cesar Canals, Senior Vice President of CB&I. "With ongoing research and development efforts well underway to scale up capacity thresholds for liquid hydrogen storage, CB&I is honored to join KOGAS in setting the pace for the rapid development of a large-scale hydrogen economy for South Korea."
News Category:
-
Hempel launches Hempafire XTR 100 for hydrocarbon passive fire protection of downstream assets
After 10 years of continuous success in the passive fire protection (PFP) market with its cellulosic range of products, Hempel today launched its first product for the ...
23-06-2022
-
Pioneering hydrogen-powered furnace arrives for installation at Stanlow terminal
A new furnace capable of running on hydrogen and cutting CO2 emissions has arrived at the Port of Liverpool. The furnace, which is part of a multimillion-pound investment ...
23-06-2022
-
Swagelok Company celebrates 75th Anniversary
Swagelok Company, a leading solutions provider of fluid system products, assemblies, and related services, is marking its 75th year in business by expanding its workforce ...
23-06-2022
-
TUBACEX secures its largest ever award from ADNOC
TUBACEX secures its largest ever award with Abu Dhabi National Oil Company (ADNOC) worth in excess of 30,000 tons over ten years for the supply of comprehensive solutions ...
22-06-2022
-
Power-to-Liquids technologies are on their way to commercialization in scale. E-fuels offer a way to expand the carbon-neutral transport fuel pool beyond biomass-based ...
22-06-2022
-
Honeywell announced today that Alexandria National Refining and Petrochemical Company (ANRPC) will upgrade their existing naphtha complex using Honeywell UOP engineering ...
22-06-2022
-
Emerson and Neste to optimize Fintoil biorefinery operations
Fintoil, together with Neste Engineering Solutions, has selected Emerson’s automation software and technologies to maximize the operational performance of its biorefinery ...
21-06-2022
-
ExxonMobil advancing Singapore resid upgrade project
ExxonMobil said today that it has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert ...
21-06-2022
-
ExxonMobil introduces new technology to convert methanol to SAF
“SAF produced from renewable methanol can play an important role in helping the aviation industry achieve the transition to a net-zero future. Reaching that goal by ...
20-06-2022
-
Lummus Technology launches Polaris™ breech-lock closure
Lummus Technology, a global provider of process technologies and value-driven solutions, announced the launch of its Polaris™ breech-lock closure, a new technological ...
17-06-2022