Samsung C&T Corp., the construction and trading arm of Samsung Group, will join forces with Korean shipping company KSS Line Ltd. to build an infrastructure for maritime transportation of clean hydrogen and ammonia produced overseas.
The two firms signed an agreement on November 10th, according to which the general trading arm of Samsung will build supply chains while KSS Line will be in charge of logistics, the Korea Economy Daily reported.
The two parties will join forces to safely transport the chemicals, as well as secure carriers and vessels with eco-friendly propulsion systems.
KSS Line is the only ammonia carrier in Korea. Under this agreement, the Samsung aspires to strengthen its environmentally friendly business portfolio, which includes hydrogen, solar power and secondary battery materials.
