South Korea-based SK Earthon – subsidiary of SK Group – will work alongside UK carbon capture and storage (CCS) specialist Azuli International (Azuli) to develop CCS solutions globally.
Having signed a Memorandum of Understanding on Dec 27th, 2022, the partners will work together to identify and develop industrial-scale carbon dioxide (CO2) transportation and storage opportunities.
Initial business opportunities will be explored in Australia and the US, where CCS-related legal systems are established, before expanding to a global scale, including Korea.
These opportunities will benefit from Azuli’s current portfolio of global CCS projects including some in Australia, UK, continental Europe and the US.
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