SK Materials said it would have the exclusive business rights of 8 Rivers' carbon capture, utilization and storage technology in Asia and priority participation in the development of global projects and new technologies. In South Korea, SK Materials will construct a plant with 8 Rivers' technology to sell blue hydrogen and clean electricity.
Carbon capture utilization technology is used to capture carbon generated in the hydrogen production process. It is a key technology to produce eco-friendly blue hydrogen and reduce CO2 emissions. Blue hydrogen is derived from natural gas, generating CO2 during the production process that requires carbon capture technology.
With 8 Rivers' technology, SK Materials said that it is possible to achieve high power generation efficiency with relatively low investment costs and reduce air pollutant emissions.
8 Rivers is known for supercritical CO2 power generation technology that inherently collects carbon dioxide without a separate facility and blue hydrogen manufacturing technology that cools and separates CO2 at low temperatures in the hydrogen production process.
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