Hyundai Oilbank and Topsoe have signed an MOU to jointly identify opportunities within blue and green hydrogen, waste plastic recycling, bio-refinery, eFuels, CCUS and other solutions to reduce carbon emissions.

The MOU will support Topsoe in further optimizing its clean energy technologies and potentially enable Hyundai Oilbank to increase its low-carbon business and meet the company’s target that 70% of total profit should derive from eco-friendly business by 2030.  

Both Topsoe and Hyundai Oilbank strive to mitigate climate change. Topsoe develops cutting-edge technologies within green hydrogen, green ammonia, eMethanol, and eFuels. Hyundai Oilbank has started a transformation of its production to significantly reduce carbon emissions in its customer offerings.  

Under the MOU, the two parties will collaborate on developing sustainable and efficient solutions within a range of green energy solutions. 

“We’re very satisfied to support Hyundai Oilbank in their efforts to transform their business model to sustain a green future, and we look forward to further optimizing our green energy technologies together,” saids Chokri Mousaoui, Executive VP and Head of Green Hydrogen at Topsoe.