MoU Signing Ceremony
In a major step towards advancing offshore wind and green hydrogen development, South Korean steelmaker POSCO and Copenhagen Infrastructure Partners (CIP) have penned a memorandum of understanding (MoU). The agreement was inked in the presence of POSCO’s Chairman Choi Jeong-woo and CIP’s Managing Partner Jakob Baruël Poulsen.
Strategic Collaboration
Under the agreement, both parties will explore opportunities in offshore wind power and green hydrogen production, areas that are crucial to the global push for cleaner energy solutions. This collaboration reflects their shared vision for a more sustainable energy future.
Statements from Key Figures
Chairman of POSCO, Choi Jeong-woo, remarked: “POSCO has been concentrating its capabilities on the growth of the hydrogen economy, as part of our sustainable management. Through cooperation with CIP, we hope to accelerate the business and build a virtuous cycle of the industry ecosystem.”
Jakob Baruël Poulsen, Managing Partner of CIP, stated: “POSCO and CIP’s strategic partnership is the starting point of long-term cooperation for the success of the renewable energy industry. It is our honor and pleasure to contribute to South Korea’s ambitious green transformation together with POSCO.”
Embracing the Future of Energy
The deal outlines both companies’ commitment to contribute to South Korea’s ambitious green energy transformation. It further solidifies POSCO’s commitment to bolstering the hydrogen economy and CIP’s focus on driving the success of the renewable energy industry.
Sustainable Vision
With this partnership, POSCO and CIP are set to play a pivotal role in fostering the development of green energy infrastructures, marking a significant step towards a more sustainable energy landscape.
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