CB&I and Korea Gas Corporation (KOGAS) have signed a memorandum of understanding (MoU) to explore the development of large-scale liquid hydrogen storage to support Korea’s Hydrogen Economy Roadmap.
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.
KOGAS has grown into the largest LNG-importing company in the world and operates four LNG regasification terminals and 4,945 km of natural gas pipelines in South Korea.
CB&I specializes in designing and building field-erected pressure spheres capable of storing liquid hydrogen at temperatures of −423°F and is nearing completion of the world’s largest liquid hydrogen sphere in Cape Canaveral, Florida, USA.