McDermott has agreed to work with KOGAS to explore the development of large-scale liquid hydrogen storage to support South Korea’s Hydrogen Economy Roadmap.
McDermott’s storage business CB&I and Korea Gas Corporation (KOGAS) have signed a memorandum of understanding in this regard.
CB&I specializes in designing and building field-erected pressure spheres capable of storing liquid hydrogen.
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 in 2021.
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