Matrix Service Company revealed today (August 8) that the MoU hopes to provide framework for the development of new liquid hydrogen storage technology to support South Korea’s plans of achieving carbon neutrality by 2050.

Additionally, the agreement plans to support developments that could allow greater volumes of hydrogen to be transported onboard ships, leveraging on Matrix’s experience with cryogenic storage tank and terminal solutions.

The latest MoU involving KOGAS follows on from an announcement in May (2022) that the natural gas firm had partnered with McDermott’s CB&I partners to explore large-scale liquid hydrogen storage.

Read more: Large-scale hydrogen storage to be explored in South Korea

Commenting on the company’s latest agreement, Hee-Bong Chae, President and CEO of KOGAS, said, “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.

“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 Company in achieving this reality.”

Headquartered in Tulsa, Oklahoma, Matrix already has an office in the South Korean capital, Seoul, and operates across utility and power infrastructure, process and industrial facilities, and storage and terminal solutions.

John Hewitt, President and CEO of Matrix Service Company, commented, “As the world transitions to clean energy, KOGAS is taking a leadership role in becoming a showcase company for hydrogen. We are honoured to have been selected by KOGAS to help them develop the technology solutions needed to meet these onshore and ship transport requirements.”