Equinor
and POSCO International sign MoU for offshore wind, hydrogen, steel and LNG.
Equinor, a Norwegian broad energy company, 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.
The signing ceremony took place in Singapore on September 7.
Irene Rummelhoff, Executive Vice President of Marketing, Midstream, and
Processing at Equinor, Ingunn Svegården, Senior Vice President of Renewables
Asia-Pacific at Equinor and Jeon-hyuk Lee, Head of the Energy Division at POSCO
International were present at the ceremony.