Samsung Engineering Partners with Baker Hughes for Carbon Neutrality and Hydrogen Collaboration

Plans to Provide Greenhouse Gas Emission Reduction Solutions for Companies

Moon Deok-gyu, Head of Solutions Division at Samsung Engineering (left), and Rod Christie, Global Head of Rotating Equipment and Process Solutions at Baker Hughes, are posing for a commemorative photo after signing the agreement at the online business agreement ceremony.
[Photo by Samsung Engineering]

[Asia Economy Reporter Kim Heung-soon] Samsung Engineering announced on the 30th that it has signed a business agreement with global energy technology company Baker Hughes to collaborate in the carbon neutrality and hydrogen sectors.

The two companies plan to cooperate on carbon capture, utilization, and storage (CCUS) and the use of hydrogen energy. This collaboration aims to jointly provide necessary solutions to companies seeking to reduce greenhouse gas emissions in accordance with the Climate Change Agreement.

Baker Hughes is a global energy solutions company operating in over 120 countries. It provides innovative technologies and services for energy transition. The company possesses hydrogen turbines and compressors necessary for hydrogen production and transportation, as well as carbon capture technologies and compressors for CCUS. It also offers consulting services related to the construction and operation of carbon storage facilities.

Moon Deok-gyu, Executive Vice President and Head of the Solution Business Division at Samsung Engineering, said, "This is an ideal combination of two companies with experience and technology in their respective fields," adding, "Through collaboration, we will provide differentiated solutions and lead eco-friendly businesses."

Earlier, in March, Samsung Engineering began fostering venture companies related to carbon neutrality and hydrogen technologies by investing 30 billion KRW in venture capital. In April, it also established a green partnership with Lotte Chemical to expand carbon neutrality and eco-friendly businesses.

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