LowCarbon's Expansion Signals Growth of Climate Technology in Southeast US
Key Ideas
- LowCarbon, a South Korean company focusing on carbon capture, sequestration (CCUS) technologies, and clean hydrogen production, relocates its US headquarters from Delaware to Tampa, Florida.
- The move involves the establishment of a clean hydrogen hub in Central Florida in collaboration with the state, aiming to combat the climate crisis and accelerate carbon neutrality.
- LowCarbon's technology captures 95% of carbon emissions and converts them into usable materials, offering a more sustainable approach compared to traditional carbon storage methods.
- The company plans to produce 10 tons of clean hydrogen per day by early 2027 for use in aerospace, power plants, hydrogen vehicles, and ships, contributing to the region's adoption of clean hydrogen applications.
LowCarbon, a company specializing in carbon capture, sequestration (CCUS) technologies, and clean hydrogen production, has decided to move its US-based headquarters from Delaware to Tampa, Florida. This relocation follows an announcement by Florida Governor Ron DeSantis after his visit to South Korea, where he signed a Memorandum of Understanding to support LowCarbon's connection with the state. The company is currently based in Tampa and plans to expand its workforce significantly as its hydrogen and CCUS operations progress.
LowCarbon has already initiated the construction of its flagship Mulberry Hydrogen Plant in Florida, which is expected to play a pivotal role in establishing the state's hydrogen economy. The company's CEO, Lee Cheol, highlighted Tampa's innovative ecosystem and dedication to sustainability as key factors in choosing the city for its US headquarters. LowCarbon aims to leverage its clean energy technology to transform the utilization of clean hydrogen in the region.
The company's technology, which can capture 95% of carbon emissions and repurpose them into usable materials, offers a more sustainable alternative to conventional carbon storage methods. By utilizing natural gas as a raw material, LowCarbon plans to produce 10 tons of clean hydrogen daily starting in 2027 through a methane reformer and its patented technology that eliminates carbon dioxide. The clean hydrogen produced will serve as fuel for rockets in the aerospace industry, power plants, hydrogen vehicles, and ships through hydrogen fuel charging stations, showcasing the diverse applications of this clean energy source.