Joint Research for Gas Technologies Exxon Teams up with Korean Institute for Gas and Energy Technologies
Exxon Mobil will discuss natural gas and new energy technologies with the Korea Institute of Energy Technology and the Korea Gas Corporation (Kogas. The cooperation “will enable professional exchanges that will help expand our joint capabilities”, Exxon believes.
Houston, Texas/USA – The multi–year agreement will focus on the natural gas value chain, including cryogenic materials, hydrogen production and fuel cell utilization, energy efficiency technologies and technologies associated with robotics and automation.
“This memorandum of understanding establishes a framework that allows for information exchange on liquefied natural gas technology, research and development projects and best practices,” said Rob Franklin, president of Exxon Mobil Gas and Power Marketing. “It will enable professional exchanges that will help expand our joint capabilities.”
Graham Dodds, president of Exxon Mobil in Korea, noted that the company has had a presence in Korea for more than 40 years, and through its ventures supplies about 30 percent of LNG demand, manufactures and markets Mobil-branded lubricants and markets Exxon Mobil chemical products in the country. “This agreement strengthens the links between ExxonMobil and Korea,” said Dodds.