S-Oil and Fuel Cell Innovations Ink MoU to Develop Hydrogen Related Strategies

Posted on 08/01/2022


In March 2021, Kospi-listed S-Oil acquired around 20% of Fuel Cell Innovations (FCI), a Daejeon-based fuel cell research company. Founded in 2018, Fuel Cell Innovations received investment from Korean and Saudi Arabian companies, including TAQNIA ENERGY. TAQNIA ENERGY is a subsidiary of the Saudi Technology Development and Investment Company (Taqnia), and was established at the…

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