South Korea and the US have entered into various MoUs focussing on enhanced bilateral agreements. Signed in Washington DC, 10 agreements have been signed around batteries while the other thirteen will look at giving a push to energy cooperation. These will also entail carbon neutrality and hydrogen.
Doosan Co., SK Inc, Lotte Chemical and HD Korea Shipbuilding & Offshore Engineering Co. lent participation. The US was represented by Boeing, GE, ExxonMobil, Siemens.
Seoul’s Korea Battery Industry Association and some other firms entered into an agreement with NATTBatt based in US. This partnership will pave the way for R&D on secondary batteries.
Lotte Chemical and CF Industries Holdings partnered for blue ammonia production in Louisiana and use of carbon capture technologies in South Korea. Korea Electric Power Corp entered into an agreement with GE for developing technologies for hydrogen, ammonia and other renewables.