Doosan Heavy Industries and Hanwoolwon Agree to Cooperate in Hydrogen Business...Sign MOU

At the 'Agreement Ceremony for Strengthening Cooperation in Clean Hydrogen Production and Energy Convergence Business' held on the 12th at Bundang Doosan Tower, Kim Sang-don, Head of Growth Business Division at Korea Hydro & Nuclear Power (4th from the left), and Jeong Yeon-in, President of Doosan Heavy Industries & Construction (5th from the left), are taking a commemorative photo with officials after signing. (Photo by Doosan Heavy Industries & Construction)

[Asia Economy Reporter Jeong Hyunjin] Doosan Heavy Industries & Construction announced on the 13th that it has signed a memorandum of understanding (MOU) with Korea Hydro & Nuclear Power to "strengthen cooperation in clean hydrogen production and energy convergence business."

The signing ceremony was held simultaneously online and offline at the Doosan Tower in Bundang, Gyeonggi Province, the day before, attended by KHNP President Jeong Jae-hoon, Kim Sang-don, Head of Growth Business Division, Doosan Heavy Industries & Construction President Jeong Yeon-in, and other officials from both companies.

According to the agreement, the two companies will continue comprehensive cooperation across the entire hydrogen business value chain, including ▲establishing hydrogen production and storage facilities using clean energy sources and developing operational technologies ▲joint R&D cooperation for hydrogen production domestically and internationally using small and medium-sized reactors ▲joint development of hydrogen production technologies and related businesses utilizing overseas clean energy sources.

President Jeong said, "We have expanded our existing cooperation with KHNP in the nuclear power business to the hydropower sector," adding, "Through this MOU, we expect to establish new cooperative projects such as securing hydrogen production technologies using small and medium-sized reactors and hydropower, as well as linking exports."

Doosan Heavy Industries & Construction, which has been preparing for the hydrogen business since 2018, is promoting projects across all fields including hydrogen production, storage, transportation, and utilization. Its subsidiary Doosan Fuel Cell, which possesses technological capabilities in hydrogen fuel cell power generation, also plans to collaborate with KHNP on hydrogen utilization business in the future.

This content was produced with the assistance of AI translation services.