South Korean LNG importer Kogas is joining forces with a unit of German engineering giant Siemens to work on green hydrogen production and hydrogen turbine power generation.
In that regard, Kogas and Siemens Energy signed a memorandum of understanding in Seoul on Tuesday, according to a Kogas statement.
Under the deal, the two companies would collaborate across all areas of hydrogen business to pursue the production of green hydrogen as well as its use in power generation, the statement said.
This includes a demonstration project for large-scale domestic green hydrogen production and supply and hydrogen turbine power generation.
Also, the partners would work on joint research for overseas green hydrogen production and transport strategies but also technological development to secure competitiveness in the hydrogen business, the statement said.
“By embarking on a global partnership with a world leader in hydrogen technology, we are committed to accelerating overseas production and transport of green hydrogen,” HeeBong Chae, president and CEO of Kogas, said.
“In addition to contributing to the nation’s carbon neutrality drive, we ultimately look to emerge as the nation’s leading hydrogen company,” he said.
Kogas has this year revealed several hydrogen developments, including signing a deal with compatriot refiner GS Caltex to produce and supply liquid hydrogen in the country.
Under this memorandum, the two firms aim to build a liquid hydrogen production facility at a Kogas LNG import terminal.
In addition, Kogas is also part of the HyStation company, recently joined by Australian LNG player Woodside, which aims to construct and operate hydrogen refueling stations to service public transport bus fleets in South Korea.