OTTAWA — South Korea is looking to buy carbon capture and storage technology from Canada to offset the emissions it produces burning Canadian coal.
International Trade Minister Mary Ng told POLITICO Canada that during her “Team Canada” mission to Seoul there has been “real focus and real energized work” on the development, production and export of clean energy to Korea.
The energy transition has exaggerated paradoxical trade interests for Canada, a major petroleum producer and one of the world’s largest producers and exporters of coal. Ng says South Korea is interested in Canadian carbon capture, utilization and storage; “green” and “blue” hydrogen; and liquefied natural gas.
Three memorandums of understanding were signed during the trip including one between Calgary-based carbon sequestration firm Kanata Clean Power and Climate Technologies and Seoul-based GS Engineering to invest in the Canadian company’s blue ammonia project with Frog Lake First Nation in Alberta.
