{"id":21892,"date":"2021-09-27T12:29:18","date_gmt":"2021-09-27T03:29:18","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=21892"},"modified":"2023-02-16T17:35:18","modified_gmt":"2023-02-16T08:35:18","slug":"samsung-ct-collaborate-clean-energy-s-oil","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-09-samsung-ct-collaborate-clean-energy-s-oil\/","title":{"rendered":"Samsung C&#038;T to collaborate on clean energy with S-OIL"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21892\" class=\"elementor elementor-21892\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5276cfd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5276cfd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4813e33\" data-id=\"4813e33\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68c7988 elementor-widget elementor-widget-text-editor\" data-id=\"68c7988\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Samsung C&amp;T\u2019s interest in clean hydrogen and energy further expanded this month as the company signed a memorandum of understanding (MOU) with fellow South Korean\u00a0<a href=\"https:\/\/news.samsungcnt.com\/en\/samsung-ct-cements-place-among-worlds-top-firms\/\">Fortune Global 500<\/a>\u00a0company S-OIL on Sept. 17.<\/p><p>Aimed at jointly developing a project to produce clean hydrogen and carbon-free ammonia abroad, the MOU with S-OIL builds on Samsung C&amp;T\u2019s interest in\u00a0<a href=\"https:\/\/news.samsungcnt.com\/en\/hydrogen-clean-energy-solution\/\">hydrogen as a clean energy solution<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1b79f2 elementor-widget elementor-widget-image\" data-id=\"a1b79f2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-1-2-1024x602.jpg\" class=\"attachment-large size-large wp-image-29102\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-1-2-1024x602.jpg 1024w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-1-2-300x176.jpg 300w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-1-2-1536x902.jpg 1536w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-1-2.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Samsung C&amp;T President &amp; CEO Jung Suk Koh (left) and S-OIL President Ryu Yeol (right) pose together for a photo after signing an MOU about cooperation on clean energy.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c49e6e elementor-widget elementor-widget-heading\" data-id=\"9c49e6e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">A clean energy partnership<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56ef125 elementor-widget elementor-widget-text-editor\" data-id=\"56ef125\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The MOU was agreed under the title of \u201cHydrogen and Bio Fuel Business Partnership,\u201d with the additional commitment by both Samsung C&amp;T and S-OIL to cooperate in other next-generation carbon-free energy projects, including the hydrogen fuel cell and eco-friendly biofuel businesses.<\/p><p>Samsung C&amp;T Trading &amp; Investment Group will leverage its global network and overseas expertise to develop business models and analyze international market data. This includes developing overseas clean hydrogen production projects as well as working on the introduction and use of related products in South Korea. In addition, S-OIL will offer its world-class energy infrastructure, which includes production facilities in South Korea.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec7b6fa elementor-widget elementor-widget-image\" data-id=\"ec7b6fa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-2-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-29101\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-2-1-1024x683.jpg 1024w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-2-1-300x200.jpg 300w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/09\/Photo-2-1.jpg 1250w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Several executives pose for a photo after signing a shareholders\u2019 agreement to establish hydrogen refueling stations for South Korean public transport bus fleets.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dab5663 elementor-widget elementor-widget-heading\" data-id=\"dab5663\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Another step towards carbon neutrality<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4acbc4 elementor-widget elementor-widget-text-editor\" data-id=\"c4acbc4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the latest in a series of hydrogen-related partnership agreements for Samsung C&amp;T as the company continues to explore business opportunities across the hydrogen value chain.<\/p><p>In August 2021, Samsung C&amp;T signed an MOU with Namhae Chemical and Korea Southern Power Co. (KOSPO) to import clean hydrogen to be used as eco-friendly fuel in response to the South Korean government\u2019s efforts to grow the hydrogen economy and achieve carbon neutrality by 2050.<\/p><p>Then, in September 2021, it was announced that Samsung C&amp;T was joining five other parties to establish HyStation with a focus on building and operating hydrogen refueling stations for South Korean public transport bus fleets.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Samsung C&amp;T\u2019s interest in clean hydrogen and energy further expanded this month as the company signed a memorandum of understanding (MOU) with fellow South Korean\u00a0Fortune Global 500\u00a0company S-OIL on Sept. 17. Aimed at jointly developing a project to produce clean hydrogen and carbon-free ammonia abroad, the MOU with S-OIL builds on Samsung C&amp;T\u2019s interest in\u00a0hydrogen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-21892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung C&amp;T to collaborate on clean energy with S-OIL - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-09-samsung-ct-collaborate-clean-energy-s-oil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung C&amp;T to collaborate on clean energy with S-OIL - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Samsung C&amp;T\u2019s interest in clean hydrogen and energy further expanded this month as the company signed a memorandum of understanding (MOU) with fellow South Korean\u00a0Fortune Global 500\u00a0company S-OIL on Sept. 17. 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