Hyundai E&C and Itochu Sign MOU on Hydrogen Production and Supply

Hyundai Engineering & Construction is moving into new hydrogen energy businesses with Itochu Corporation, one of Japan’s leading general trading companies. The two companies signed a memorandum of understanding on the 13th at Itochu’s headquarters in Tokyo for cooperation in hydrogen production and supply. The agreement is aimed at pursuing new hydrogen energy opportunities, with Hyundai E&C and Itochu exploring potential collaboration across production and supply. The partnership between a construction company and a trading house may provide a basis for reviewing future business opportunities in the hydrogen value chain. Source: mk.co.kr