Korea Hydro & Nuclear Power Signs Agreement for Convergent New Business to Realize Green New Deal
Korea Environment Corporation and Korea Hydrogen Industry Association Join Hands
From the left, Jang Jun-young, President of Korea Environment Corporation; Jeong Jae-hoon, President of Korea Hydro & Nuclear Power; Kim Bang-hee, Chairman of Korea Hydrogen Industry Association. A commemorative photo taken after signing the "Joint Cooperation Agreement for Convergent New Business to Realize the Green New Deal" at the Marriott Hotel in Seocho-gu, Seoul on the 23rd. (Photo by Korea Hydro & Nuclear Power)
View original image[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power announced on the 23rd that it signed a "Joint Cooperation Agreement for Convergent New Business to Realize the Green New Deal" with the Korea Environment Corporation under the Ministry of Environment and the Korea Hydrogen Industry Association at the Marriott Hotel in Seocho-gu, Seoul.
According to the agreement, these organizations will ▲ establish infrastructure for green hydrogen production and fuel cell systems using biogas ▲ build a new model of treatment facilities that maximize energy utilization generated during waste processing ▲ establish and distribute hydrogen infrastructure for daily use ▲ support technology development by domestic hydrogen specialized companies and the application of developed technologies ▲ discover and promote related overseas projects.
Through the agreement, it is expected that the core competencies and assets of each organization will be utilized to activate the green hydrogen industry and contribute to fostering the related industrial ecosystem. It is anticipated to establish a new form of convergent new business model and respond to the government's Green New Deal policy.
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Jung Jae-hoon, President of KHNP, said, "Three organizations representing the fields of environment, energy, and hydrogen have signed the cooperation agreement," adding, "Through continuous communication and strengthened cooperation under the agreement, we will greatly contribute to realizing the Green New Deal policy and laying the groundwork for future growth businesses."
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