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TOPSOE AND HYUNDAI COMBINE FOR GREEN SOLUTIONS

TOPSOE AND HYUNDAI COMBINE FOR GREEN SOLUTIONS

Monday, November 8, 2021 

Danish company Haldor Topsoe and South Korean oil producer Hyundai Oilbank have signed a Memorandum of Understanding (MoU) to develop green energy solutions, jointly seeking to identify opportunities within blue and green hydrogen, waste plastic recycling, bio-refinery, eFuels, CCUS (carbon capture, utilisation and storage) and other ways of reducing carbon emissions.

The MoU will support Topsoe in further optimising 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.

Chokri Mousaoui, EVP and Head of Green Hydrogen, Topsoe said: “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.”

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