Matrix Service Company has signed a memorandum of understanding (MoU) with Korea Gas Corporation to support South Korea’s development of a hydrogen economy.
The MoU provides the framework for developing new technology to support onshore large-scale liquid hydrogen storage to support South Korea’s plans to achieve carbon neutrality by 2050. The agreement also supports the development of solutions that will allow transporting more significant volumes of hydrogen by transport ship.
Matrix Service Company has a reputation for excellence in cryogenic storage tanks and terminals and, through its engineering division, enjoys a history that spans more than 70 years.
Hee-Bong Chae, President and CEO of KOGAS, said, “We are proactively pursuing the development of new technologies and infrastructure for hydrogen shipping, storage, and distribution to meet mid- and long-term demands, and look forward to working with Matrix Service Company in achieving this reality.”
John R. Hewitt, President and CEO of Matrix Service Company, said, “As the world transitions to clean energy, KOGAS is taking a leadership role in becoming a showcase company for hydrogen. We are honored to have been selected by KOGAS to help them develop the technology solutions needed to meet these onshore and ship transport requirements.”