Ørsted has signed a new memorandum of understanding (MoU) today (May 27) with POSCO to expand its relationship and strengthen its collaboration on offshore wind and renewable hydrogen in Korea.
In December 2020, POSCO joined the Korea Government’s decarbonisation declaration announcing its ambition to become a leading renewable hydrogen company and reach carbon neutrality by 2050.
With the signing of this new MoU, the two companies will conduct feasibility studies on a potential collaboration on renewable hydrogen.
In addition to this, POSCO and its affiliates will apply the group’s joint capabilities to support the development of Ørsted’s 1.6GW offshore wind projects off the coast of Incheon City.
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