Energy
Haldor Topsoe and Hyundai Oilbank to develop hydrogen, CCUS projects
As per the MoU, the two parties will collaborate on developing sustainable and efficient solutions within a range of green energy solutions
- By ICN Bureau
| November 08, 2021
Hyundai Oilbank and Topsoe will jointly seek to identify opportunities within blue and green hydrogen, waste plastic recycling, bio-refinery, eFuels, CCUS (carbon capture, utilization and storage) and other solutions to reduce carbon emissions.
The Memorandum of Understanding (MoU) will support Topsoe in further optimizing its clean energy technologies and potentially enable Hyundai Oilbank to increase its low-carbon business and meet the company’s target that 70% of total profit should derive from eco-friendly business by 2030.
Both Topsoe and Hyundai Oilbank strive to mitigate climate change. Topsoe develops cutting-edge technologies within green hydrogen, green ammonia, eMethanol, and eFuels. Hyundai Oilbank has started a transformation of its production to significantly reduce carbon emissions in its customer offerings.
Under the MoU, the two parties will collaborate on developing sustainable and efficient solutions within a range of green energy solutions.
“We’re very satisfied to support Hyundai Oilbank in their efforts to transform their business model to sustain a green future, and we look forward to further optimizing our green energy technologies together,” says Chokri Mousaoui, Executive Vice President and Head of Green Hydrogen at Topsoe.
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