Joint Research on Molten Salt Reactor and Ultra-Low Temperature Material Technologies
Samsung Heavy Industries announced on the 6th that it signed a business agreement with the Korea Institute of Materials Science for the development of material technologies such as nuclear power and ultra-low temperature at Samsung Heavy Industries' Geoje Shipyard.
Samsung Heavy Industries CEO Choi Sung-an (Vice Chairman, left) and Korea Institute of Materials Science Director Choi Cheol-jin are posing for a commemorative photo at the signing ceremony of the business agreement. Photo by Samsung Heavy Industries
Through this agreement, the two organizations plan to establish a cooperative system for exchanging existing technologies and promote domestic industrial development and overseas market expansion through joint research on materials and applied technologies. The key areas of cooperation include ▲ materials and manufacturing technologies for Molten Salt Reactors (MSR)1) ▲ ultra-low temperature materials and applied technologies ▲ wire-based 3D printing (WAAM)2) technologies. The two organizations also agreed to jointly plan and participate in newly developed projects and mutually cooperate in the use of existing facilities and equipment.
The Molten Salt Reactor is a next-generation energy source that utilizes nuclear fission energy to produce electricity with high efficiency and without additional carbon dioxide emissions. To commercialize it as a power source for ship propulsion, transportation and material technologies must be accompanied. Samsung Heavy Industries expects that this agreement will enable the acquisition of corrosion-resistant material technologies, ultra-low temperature materials, and applied technologies.
Choi Sung-an, CEO of Samsung Heavy Industries, stated, "If our commercialization experience combines with the Korea Institute of Materials Science's fundamental technologies, we will be able to develop world-leading eco-friendly innovative materials and applied technologies for shipbuilding and marine industries." Choi Cheol-jin, Director of the Korea Institute of Materials Science, said, "We will actively continue cooperation with Samsung Heavy Industries, a global shipbuilding and marine company, and spare no support to ensure that Korea's material technology is recognized in overseas markets."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
