Port Esbjerg has entered into a strategic collaboration with South Korea’s port of Ulsan.
The port of Ulsan is one of the world’s largest ports for industrial production, car exports, and hydrogen/ammonia production, which Port Esbjerg hopes to leverage. Equally, the Asian gateway looks set to learn from Port Esbjerg’s extensive experience in the wind energy market.
Recently, a Danish delegation, including representatives from Port Esbjerg, mayor Jesper Frost Rasmussen of Esbjerg municipality and officials from the embassy of Denmark in Korea visited Ulsan. Several Danish maritime companies are already well-represented in the region. This visit highlighted substantial new business opportunities, particularly in offshore wind.
The development of the South Korean energy supply chain through Ulsan has been significant this year. Last month, Ulsan Port Authority (UPA) signed an equity investment agreement worth USD17.6 million with Hyundai Oil Terminal Corporation to establish Korea’s alternative marine fuel supply chain centred on Ulsan Port.
In January, the Korean Register of Shipping signed a memorandum of understanding with Lotte Fine Chemical, HD Hyundai Heavy Industries and HMM to boost the ammonia bunkering industry at the UPA headquarters.
