Korea Gas Corporation and Matrix Service Company Sign MoU to Support South Korea's Hydrogen Economy

Published on: 08 August 2022
by KnowESG
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Matrix Service Company stated that it had signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS) to help establish a hydrogen economy in South Korea and transform itself from a natural gas supplier into a hydrogen platform operator. The signing took place in Seoul, with representatives from both companies present.

The MoU lays the groundwork for developing new technology to facilitate onshore large-scale liquid hydrogen storage to help South Korea reach carbon neutrality by 2050. The agreement also supports developing ways to ship more hydrogen.

Hee-Bong Chae, President and CEO of KOGAS, said:

"Hydrogen is key to achieving our country’s net-zero carbon objectives, and KOGAS is happy to take a leading role in creating a solid foundation for this. 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."

Matrix Service Company is renowned for its superior cryogenic storage tanks and terminals, and its engineering section has more than seven decades of experience.

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 honoured to have been selected by KOGAS to help them develop the technology solutions needed to meet these onshore and ship transport requirements.”

Source: GlobeNewswire

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