LowCarbon Signs MOU with U.S. EPC Group to Build Blue Hydrogen Plant in Florida
– LowCarbon signed MOU with U.S. EPC company CCC Group to produce blue hydrogen in the U.S.
– Main content of the MOU is to cooperate in building EPC and Carbon Capture (CCU) and Direct Air Capture (DAC) plants for blue hydrogen production in Florida, USA.
– Through this MOU, it is expected that LowCarbon will enter the U.S. blue hydrogen market and carbon reduction market.
LowCarbon (CEO Lee Chul) is steadily laying the foundation for entering the blue hydrogen market in the U.S.Since establishing a corporation to enter the U.S. market in January, it has signed a strategic MOU with CCC Group (CEO Joe A. Garza), a U.S. EPC company, on blue hydrogen production and CCU and DAC plant construction in Florida.The background of the MOU seems to have been the combination of LowCarbon’s CCUS technology and ZeroC, a direct air carbon dioxide collector.
LowCarbon has already signed a design service contract with the Korea Gas Technology Corporation (CEO Cho Yong-don) to build blue hydrogen and CCUS convergence facilities, and the MOU in the U.S. seems to have entered the final stage.Lee Chul, CEO of LowCarbon, said, “This business trip to the U.S. is aimed at finalizing negotiations for a blue hydrogen supply contract in Florida,” adding, “We will speed up the U.S. blue hydrogen business with an MOU with CCC Group.”It is reported that CCC Group plans to visit Korea as soon as possible to expand its scope of work and even sign a contract.
CCC Group is an EPC company specializing in cement and fertilizer plant construction and has a number of EPC experiences and partners in the United States as it ranks 17th in terms of orders in 2019 in the U.S. industrial processes and EPC.In particular, CCC Group, which has many carbon regulatory sites, is strongly promoting new growth projects for climate environment and blue hydrogen production plants and actively hopes to participate in blue hydrogen production, charging stations, and construction in the United States in cooperation with LowCarbon.
Strategic MOUs between LowCarbon and CCC Group include ▲ construction of blue hydrogen production plants for blue hydrogen supply in the United States, ▲ construction of LowCarbon CCU plants in the United States, ▲ production of ZeroC OEMs, and ▲ technical and legal cooperation to distribute LowCarbon CCU plants in the United States.Separately, LowCarbon plans to actively participate in the CCUS project for many customer partners owned by CCC Group, promoting comprehensive business cooperation.
LowCarbon is a company with CCU (Carbon Capture, Utilization) technology that collects and utilizes carbon dioxide based on KLC, its own chemical reaction catalyst, and is commercializing direct air capture (DAC) plants that collect and utilize carbon dioxide in the atmosphere for the first time in Korea.In addition, it signed an EPC contract with the Korea Gas Technology Corporation to build the nation’s first blue hydrogen production base in Gangjin Industrial Complex, and plans to produce blue hydrogen with gray hydrogen using low-carbon CCU technology.In addition, LowCarbon is targeting the U.S. blue hydrogen market with plans to produce blue hydrogen that collects carbon dioxide generated during the reforming process using abundant shale gas in the U.S. as raw materials.
With the signing of the MOU, LowCarbon is expected to accelerate its entry into the U.S. market through cooperation in the CCU field for blue hydrogen production with LowCarbon (DAC) with Korea’s only direct air capture (DAC) commercialization technology and CCC Group, the 17th in the U.S. EPC industry.
The future of LowCarbon, a Korean company, is drawing keen attention as it is actively introducing CCUS technology in energy production and construction in response to the Biden administration’s Inflation Reduction Act (IRA).<The End>
※ CCC Group
– A company specializing in EPC and construction plants, which has excellent construction plant production and procurement capabilities and ranks 17th in the US EPC industry (as of 2019).