Hyundai E&C signs deal with Singaporean consulting firm to collaborate on new energy sectors

By Kim Joo-heon Posted : October 10, 2024, 16:05 Updated : October 10, 2024, 16:54
(From left) Hyundai E&C CEO Yoon Young-joon, Korea’s Minister of Trade, Industry and Energy Ahn Deok-geun, Singapore’s Second Minister for Trade and Industry Tan See Leng, and Surbana Jurong CEO Sean Chiao pose for a photo after the signing of an agreement for research and technology exchange on next-generation power projects in Singapore on Oct. 8, 2024. Courtesy of Hyundai E&C
SEOUL, October 10 (AJP) - Hyundai Engineering and Construction has signed a memorandum of understanding (MOU) with Surbana Jurong, Singapore's major infrastructure and urban development consulting firm, to collaborate in the new energy and carbon mitigation sectors, the Korean construction firm announced Thursday.

The agreement, signed on Tuesday, calls for technology exchanges and cooperation in infrastructure development across areas such as next-generation power generation projects, renewable energy, carbon capture and storage (CCS) and construction automation and robotics.

The state-run Surbana Jurong specializes in providing technical advice for national projects, including global urban and infrastructure management services. 

The MOU was signed following the Singapore-Korea Business Forum, held during President Yoon Suk Yeol's visit to Singapore.

On the same day, Hyundai E&C also signed an agreement with Hyundai Motor and Nanyang Technological University (NTU) for joint technical research and demonstration projects in resource-circulating hydrogen and next-generation power initiatives.

According to Hyundai E&C, Singapore is focused on securing low-carbon energy and establishing a hydrogen energy foundation to achieve its goal of net-zero emissions by 2050.

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