POSCO and SK Energy to Develop Synthetic Natural GasMemorandum of Understanding • July 29th, 2009 • Posco • Steel works, blast furnaces & rolling mills (coke ovens)
POSCO and SK Energy Co., Ltd. (“SK Energy”) signed a memorandum of understanding with the Korean government to develop clean coal technologies, including synthetic natural gas (produced through a coal-to-gas conversion process utilizing low-quality coal). Domestic production of synthetic natural gas is expected to substantially reduce Korea’s dependence on imported liquefied natural gas.
