South Korea, with plans to transition to “carbon neutrality” by 2050, has enlisted a Tulsa-based company to provide advanced capacities for hydrogen storage and transport.
The company, Matrix Service, identifies as a leading North American industrial engineering, construction and maintenance contractor. Headquartered in Tulsa, it has offices throughout the United States as well as in Canada, Australia and South Korea. It reports financial results in three operating segments, including utility and power infrastructure, process and industrial facilities, and storage and terminal solutions.
Matrix has signed on to work with Korea Gas Corp. as it pursues plans to transition from a natural gas supplier to a hydrogen platform operator. According to a release, the transition is part of a larger initiative in South Korea to develop a “hydrogen economy” and achieve carbon neutrality in coming decades.
Representatives of Matrix and KOGAS signed a memorandum of understanding recently in Seoul, South Korea.
“As the world transitions to clean energy, KOGAS is taking a leadership role in becoming a showcase company for hydrogen,” Matrix President and CEO John R. Hewitt said. “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.”
According to the release, the memorandum of understanding provides a framework for development of new technology to support onshore large-scale liquid hydrogen storage and solutions to allow for transport of greater volumes of hydrogen by ship.
"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,” KOGAS President and CEO Hee-Bong Chae 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 Co. in achieving this reality."
According to the release, Matrix, over the span of its 70-year history, has developed reputation for producing cryogenic storage tanks and terminals.
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