New memorandum of understanding to develop green energy solutions

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Hyundai Oilbank and Topsoe will jointly seek to identify new opportunities in biorefining.
The memorandum of understanding (MoU) will also concentrate on eFuels, CCUS (carbon capture, utilization and storage) and other solutions to reduce 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 are striving to mitigate climate change and 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.
“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 optimising our green energy technologies together,” says Chokri Mousaoui, executive vice president and head of green hydrogen at Topsoe.

Don't forget our world-leading Biofuels International Conference and Expo takes place in Brussels on March 15-16 with some great speakers participating. For more information go to https://biofuels-news.com/conference/