Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation

SEOUL, South Korea, Nov. 22, 2024 /PRNewswire/ -- Hanwha Power Systems Co., Ltd. (CEO: Justin (Koo Yung) Lee) today announced that it has signed a Memorandum of Understanding (MOU) with TC Energy for business cooperation in developing an sCO2 WHR (Waste Heat Recovery) project which will utilize the heat stream at a natural gas pipeline compressor station. 

The MOU outlines the installation of an sCO2 power generation system at a compressor station owned and operated by TC Energy in the state of West Virginia. The system will recover the unused waste heat exhaust from a gas turbine compressor set, and provide a lower cost, carbon free renewable generation solution.

Hanwha Power Systems plans to secure this sCO2 commercialization project as a foundation for expanding its sCO2 power generation business in the North American pipeline market. This project is a significant advancement towards proving commercial viability and opening the door to large scale deployment in the industry.

Justin (Koo Yung) Lee, CEO of Hanwha Power Systems, stated, "This MOU with TC Energy brings us one step closer to the successful commercialization of sCO2 power generation systems. We will continue to contribute to carbon reduction in the oil and gas market by successfully expanding the application of sCO2 power generation systems across a wide range of compressor stations." Hanwha is excited moving forward as this partnership shall accelerate Hanwha Power Systems' progress towards becoming a global leader in clean power generation solutions.

Hanwha Power Systems is Korea's leading industrial compressor supplier and a provider of sCO2 power generation systems and hydrogen/ammonia gas turbine solutions. The company is actively expanding its clean power generation and energy solutions business to lead the carbon-neutral era.

sCO2 (Supercritical CO2) is a fluid that, under conditions exceeding 31°C temperature and 74 bar pressure, exhibits both the properties of a liquid and a gas. The sCO2 power generation system combines this characteristic of supercritical CO2 with Hanwha Power Systems' integrally geared turboma chinery technology, maintaining the sCO2 in a closed-loop system and enabling a highly efficient, compact, modular, and 100% water-free power generation system using waste heat without burning additional fossil fuels.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation

Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation

Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation

SEOUL, South Korea, Nov. 22, 2024 /PRNewswire/ -- On November 15, 2024, Cotton Incorporated presented and shared marketing data and analyses about consumer attitudes and habits relating to apparel shopping with the professionals from the textile apparel industry at the media sharing session in Seoul, South Korea.

Melissa Bastos, Director of Corporate Strategy and Insights for Cotton Incorporated, oversees research on consumer attitudes and behaviors and retail assessments conducted in the United States, Latin America, South Korea, Thailand and other Asian countries. Cotton Incorporated keeps providing valuable market insights to support decision-makers throughout the global cotton supply chain.

"In recent years, the proportion of consumers choosing to shop online has continued to rise, with convenience, lower prices, and a wider variety of options being key factors for this choice," stated Bastos.

Bastos also noted that nearly three-fifths of consumers experienced quality issues when purchasing apparel online. Globally, consumers often associate cotton products with fashion, comfort, and trusted quality, with 55% noting they would pay more for clothes made from cotton.

Bastos highlighted that jeans were a significant cotton product, with 80% South Korea consumers expressing a preference for wearing them. As sustainability in apparel becomes increasingly important to consumers, factors like the use of natural fibres, and sustainable production may influence their decisions to purchase jeans. She indicated that the industry was actively promoting traceability strategies, with cotton being one of the most commonly traced materials, which enhanced the value of cotton products.

As a non-for-profit organization dedicated to promote cotton products, Cotton Incorporated's mission is to increase the demand for and profitability of cotton. Cotton Incorporated is also dedicated to raising awareness of cotton's sustainability. Their Blue Jeans Go Greenâ„¢ denim recycling program has collected over two million pieces of denim, repurposing them into UltraTouchâ„¢ denim insulation materials for construction use. Additionally, Cotton Incorporated actively researches cotton cultivation and product technology, offering a range of sustainable solutions for the textile sector that strengthen the market position of cotton products.

For more information about cotton, you can visit the Cotton Incorporated website (www.cottoninc.com) to access a wealth of industry information, including market data, monthly economic updates, cotton production information, production resources, and performance technologies related to cotton.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

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