SEOUL — SK E&S, an electricity enterprise affiliated with South Korea’s SK Group, secured a bridgehead to grow its company influence in China’s natural gasoline and hydrogen markets, by way of a strategic alliance with a significant fuel business primarily based in Beijing.
SK E&S mentioned it has signed a strategic collaboration agreement with Beijing Fuel Team, a metropolis fuel supplier in Beijing and adjacent places, to create a strategic partnership in liquefied natural gasoline (LNG) and hydrogen businesses in China. They would share their operational know-how on LNG terminals in China and cooperate further more on LNG imports and revenue.
Beijing Gas Group’s LNG terminal, which is below building in Tianjin, will be employed to generate blue hydrogen based mostly on carbon seize, utilization and storage (CCUS) engineering. The two companies would consider producing green hydrogen, setting up hydrogen fuel mobile power plants, and mixing hydrogen into all-natural gas pipes. Blue hydrogen is generated by making use of carbon capture and storage to reduce carbon emissions. Green hydrogen does not use any fossil fuel all through its manufacturing procedure.
Blending hydrogen into a natural fuel pipeline community can accommodate important volumes of hydrogen, but it is not possible to simply just trade all-natural gasoline for hydrogen in the existing natural gas procedure. Some metal pipes can degrade when they are exposed to hydrogen in excess of long durations.
SK E&S claimed it would market the conversion of autos in Beijing to hydrogen automobiles and seek means to convert Beijing Fuel Group’s gasoline charging stations to hydrogen charging stations.
As component of a broad group-vast job to encourage hydrogen as a new progress motor, SK E&S disclosed a $1.4 billion financial investment conclusion in March 2021 to establish fuel fields in northern Australia and deliver in 1.3 million tons of LNG per yr for 20 several years from 2025. In March 2022, the organization disclosed a task to turn a gas manufacturing facility in Bayu-Undan in the Timor Sea into a CCS plant capable of storing about 10 million tons of carbon dioxide yearly. The task is aimed at securing an overseas storage foundation.
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