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Ulsan inks alt fuel supply chain deal
Ulsan Port Authority has signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation to establish Korea’s alternative marine fuel supply chain centred on Ulsan Port
This investment follows the ‘Plan to Establish an Alternative Marine Fuel Supply Chain,’ announced at the government’s emergency economic ministerial meeting in November 2023.
UPA is at the forefront of efforts to enhance Korea’s port competitiveness by expanding storage for alternative marine fuels, such as green methanol.
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