Hyundai Engineering to collaborate with Woodside Energy for LNG liquefaction plant projects
Courtesy of Hyundai Engineering
Hyundai Engineering said Wednesday it has partnered with Australian energy giant Woodside Energy Ltd. to collaborate on liquefied natural gas (LNG) liquefaction plant projects.
Under a trilateral memorandum of understating (MOU) also involving Hyundai Glovis, Hyundai Engineering will leverage its global engineering, procurement and construction (EPC) capabilities to provide Woodside Energy with comprehensive engineering solutions involving LNG liquefaction plants.
The company said it aims to use the MOU as a strategic foothold to enter the global LNG liquefaction plant market, strengthen its project execution capabilities and diversify its portfolio in the energy sector.
In addition to LNG, Hyundai Engineering plans to expand into other low-carbon and renewable energy projects, including sustainable aviation fuel, bio diesel, solar and wind energy plants, as part of its broader decarbonization strategy.
"We will bring our full capabilities to deliver total engineering solutions for Woodside's LNG projects," said Sohn Myung-geon, head of Hyundai Engineering's plant business division.