General – MoU South Korea
Equinor announced the signing of a Memorandum of Understanding (MoU) with POSCO International on September 7.
Under the MoU, the companies will explore a broad energy transition collaboration across offshore wind, hydrogen value chains, steel and LNG supply.
The agreement marks a wide-ranging energy transition collaboration between the two companies. POSCO International and Equinor will explore various initiatives under the agreement. These include potential joint ventures and joint investment in projects within offshore wind including the Firefly/Bandibuli project and low carbon hydrogen and ammonia.
The MoU also covers potential steel supply for offshore wind and hydrogen projects and LNG sourcing and supply. These efforts reflect Equinor and POSCO International’s commitment to advancing sustainable energy solutions on a global scale.
Irene Rummelhoff, Executive Vice President of Marketing, Midstream, and Processing (MMP) at Equinor, stated: “This partnership has the potential to play a pivotal role in enhancing Equinor’s role as a key partner in achieving Korea’s carbon neutrality and energy transition goals. Equinor is fully committed to supporting Korea in reaching its carbon neutrality objectives together with POSCO International.”
