Hyundai E&C Expands into New Energy Businesses Through Partnerships in Singapore
Key Ideas
- Hyundai E&C collaborates with Surbana Jurong, Singapore's largest public-sector engineering consultancy, to focus on next-gen power projects, renewable energy, and carbon reduction.
- The partnership includes technology exchange in areas like hydrogen, solar, wind energy, CCS, and construction automation, aiming to enhance competitiveness in energy transition projects.
- Another MOU with Hyundai Motor Co. and Nanyang Technological University explores joint research in fields like resource-circulating hydrogen, supporting Singapore's goal for 'net zero' by 2050.
- Hyundai E&C aims to strengthen industry-academia cooperation and group-wide foundation in energy innovation following agreements with key players in Singapore's new energy sectors.
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) has solidified its expansion into new energy businesses through strategic partnerships in Singapore. Hyundai E&C signed a memorandum of understanding (MOU) with Surbana Jurong, Singapore's largest public-sector engineering consultancy, to engage in joint research and technology exchange in next-generation power projects, renewable energy (including hydrogen, solar, and wind), and carbon reduction initiatives. This collaboration aims to enhance capabilities in areas such as construction automation, robotics, and infrastructure development related to energy transition projects. Additionally, another MOU was established with Hyundai Motor Co. and Nanyang Technological University to pursue research and demonstration projects in resource-circulating hydrogen and next-generation power fields. Hyundai E&C has been actively involved in joint research endeavors with NTU since 2016, focusing on various areas such as recycling contaminated dredged soil and desalination. These agreements signify Hyundai E&C's commitment to industry-academia collaboration, aimed at strengthening its presence in Singapore's energy innovation and new business sectors. Singapore's strategic focus on securing low-carbon energy sources and establishing a hydrogen infrastructure aligns with Hyundai E&C's endeavors, supporting the country's target for achieving 'net zero' emissions by 2050.
Topics
Projects
Infrastructure
Innovation
Energy Transition
Research And Development
Partnership
Low-carbon Energy
MoU
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