Loop Energy began November with a positive visit to Ulsan, South Korea, to attend the MOU signing ceremony with NGVI and exhibit at the H2World Conference and Exhibition. The trip also included meeting with government officials, learning about factory operations, and meeting with Korean organizations pursuing hydrogen-related projects.
Below are several highlights of Loop’s time in Korea.
MOU Signing Ceremony with NGVI
At the heart of the trip was the MOU signing ceremony between Loop Energy and NGVI at the Ulsan Exhibition and Convention Center. Loop Energy CCO, George Rubin and NGVI, CEO, David Jung, participated in the ceremonial signing of the commercial agreement. In attendance were representatives from the Government of Canada’s Trade Commissioner Service and the Embassy of Canada, BC Korea office, officials from Ulsan Metropolitan City, Ulsan Techno Park, and members from NGVI and Loop. The MOU officially signifies the start of a key relationship between Loop and NGVI for joint market development.
H2World Conference and Exhibition
Our team attended the H2World Conference and Exhibition from November 10 to 12 in Ulsan, Northeast Asia’s largest hydrogen hub. At the H2World trade show, we showcased our 50 kW hydrogen fuel cell module to the Korean market for the first time. We also had a presence in the Canadian Pavilion, which effectively expanded Loop’s reach at the trade show.
A highlight of the conference was hearing Mr. Tudor Hera, the Senior Trade Commissioner for the Embassy of Canada to the Republic of Korea, speak at the H2World Forum. Mr. Hera emphasized the importance of Canada’s relationship with South Korea in advancing the adoption of hydrogen technology and named Loop Energy as an emerging company when highlighting Canada’s Hydrogen Strategy. The following day, George Rubin delivered a presentation discussing the key success factors to the adoption of hydrogen-electric solutions. H2World was Loop’s first opportunity to meet face-to-face with many prospective customers from across Asia.
Canadian Embassy Dinner
Loop Energy joined the first business networking reception hosted by the Canadian Embassy since the beginning of the pandemic. Along with representatives from Loop and the Embassy of Canada, attendees included business leaders and executives from Korea in the hydrogen and transportation space, including senior members from NGVI and Seoulbus. The reception was an excellent opportunity to network and connect with local business leaders about their vision for hydrogen fuel cell adoption, gain insights on the local market’s needs, and allow us to explore potential commercial opportunities.
Loop Energy would like to thank everyone involved in making this trip a success. We are particularly grateful to NGVI and Mr. David Jung for their immense support and look forward to building a fruitful and long-term partnership. Loop would also like to extend its gratitude to the Embassy of Canada’s Trade Commissioner Service as well as Trade & Invest British Columbia for being so welcoming and supportive of Loop Energy.