Raven SR announces strategic investment from Samsung Ventures
Summary
Samsung Ventures strategic investment illustrates heightened demand for scalable renewable fuel production to respond to climate change concerns. Samsung Ventures investment will expand Raven SRs global reach to South Korea, a driving force in the hydrogen economy. The South Korean government recently announced plans to provide 27.9 million metric tons of clean hydrogen per year by 2050, replacing oil as the countrys predominate energy source and decreasing dependency on fossil fuels. "Our readily deployable breakthrough technology is attracting strong backing from around the globe by major companies that are intent on making a difference in the energy transition today," said Matt Murdock, CEO of Raven SR. "Samsungs appreciation for our renewable fuels process will step up our ability to deliver to new markets and provide an excellent addition for worldwide renewable energy projects." Please visit our website for more in detail; https://www.samsungventure.co.kr/english_main.do Samsung C&T is an international corporation with four business groups: Engineering & Construction, Trading & Investment, Fashion, and Resort.