HyGear and Kogas sign MoU

HyGear and KOGAS sign MoU

HyGear has recently signed an agreement with Kogas, the world’s largest corporate buyer of LNG, to fixate the ambitions to collaborate in the Korean market, the company said in a statement.

The agreement was signed during HyGear’s environmental and energy related business mission to Korea.

HyGear’s CEO Marinus van Driel said: “The agreement with KOGAS is very important for us since KOGAS is a great company with access to strategic important sales channels in the Korean market for our Hydrogen Generation Systems”.

Korea is an important market for HyGear, since it has set ambitions on the reduction of carbon emissions in the industry with key segments of water, waste, air cleaning, recycling, restoration of soil segments and the introduction of clean and renewable energy sources. With its key-technologies and knowledge, HyGear can contribute to these ambitions,” the company added.

Press Release, July 7, 2014; Image: HyGear