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South Korea and Sweden are partnering to build a supply chain for floating offshore wind projects.

Business Sweden announced on the 22nd that it held Korea-Sweden Offshore Wind Supply Chain Day at Lotte Hotel Ulsan and signed a memorandum of understanding (MOU) to establish a supply chain, jointly with the Embassy of Sweden in Seoul and the MunmuBaram floating offshore wind project.

The event drew around 150 participants, including Swedish Ambassador to Korea Karl-Olof Andersson, Trade Commissioner of Sweden to Korea Jessica Olsson, Ulsan Mayor Kim Sang-wook, as well as officials from MunmuBaram, Atlas Copco Korea, Hitachi Energy Korea, related businesses, public institutions, academia, research institutes, and local maritime firms in Ulsan.

The agreement is designed to establish supply chain cooperation across key sectors of floating offshore wind projects, including subsea and power cables, offshore wind substructures, and port and logistics services.

Hexicon, a Swedish firm taking part in the development of MunmuBaram, along with Hitachi Energy Korea and Atlas Copco Korea, will share their technology and experience in project development, power infrastructure, and industrial engineering to explore collaboration with domestic companies and institutions.

In subsea and power cables, the partnership will collaborate with LS Cable & System. Leveraging LS Cable & System's production and supply capabilities, the initiative aims to establish a domestic production and procurement base while managing supply chain factors such as cable specifications, manufacturing, and delivery schedules from the design and procurement stages.

In offshore wind substructure manufacturing, the initiative will work with GS Entec, a subsidiary of GS Global. By utilizing the large-scale manufacturing experience and production infrastructure of GS Entec, a monopile specialist, the project plans to secure manufacturing and supply capabilities for offshore wind structures.

In ports and logistics, cooperation will involve five logistics firms based at the Port of Ulsan: Dongwon LOEX, KCTC, Daewoo Logistics, Esprit Logistics, and Sehwa Shipping. The infrastructure of the Port of Ulsan and the logistics capabilities of each firm will be integrated into the logistics operations essential for project execution, including equipment receiving, storage, transportation, and shipping.

Through these efforts, the initiative plans to expand collaboration between domestic manufacturing, shipbuilding, and maritime firms and Swedish offshore wind, power, and engineering companies, while advancing the development of a domestic supply chain for the MunmuBaram project.

"Through this agreement, we have laid the foundation to connect the respective strengths of Korea and Sweden to real-world floating offshore wind projects and supply chain collaboration," said Karl-Olof Andersson, Swedish Ambassador to Korea. "I look forward to expanding cooperation between companies of both nations by combining Korea's capabilities in manufacturing, shipbuilding, and maritime industries with Sweden's expertise in offshore wind, power, and engineering."

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                                                                                                             Jeong A-reum