A Key Component of Hydrogen Value Chain
Korea Gas Corp. (KOGAS) announced on May 24 that it has signed a business agreement with CB&I Storage Solutions of the United States to develop liquid hydrogen storage facility technology.
The two companies agreed to cooperate closely in various fields, including the expansion of liquid hydrogen onshore storage tanks and the development of liquid hydrogen transport ship technology.
CB&I Storage Solutions is about to build the world’s largest liquid hydrogen storage tank (5,000 ㎥) at NASA’s Kennedy Space Center. The company has been developing ultra-high pressure and cryogenic tanks based on its world-class capabilities in storage facility EPC. It has been engaged in liquid hydrogen storage tank business for more than 60 years. Since the construction of the first spherical liquid hydrogen storage tank (170 ㎥) in 1965, it has thus far built about 140 spherical liquid hydrogen storage tanks. In addition, CB&I Storage Solutions is conducting joint research on a 100,000㎥ liquid hydrogen storage tank with NASA, Shell, GenH2 and the University of Houston.
Through the agreement with CB&I, KOGAS plans to enhance Korea’s competitiveness in the hydrogen market through the development of core technologies in the storage and transportation of liquid hydrogen, the most important of the hydrogen value chain, and put a spur to the development of the Korean hydrogen industry ecosystem by introducing liquid hydrogen.