Kolon, Aker Solutions to establish joint oil and gas venture
Jul 8, 2014
Kolon Water & Energy said Tuesday it will establish a joint venture with Norway’s Aker Solutions to enter the oil and gas solution business to diversify its portfolio in the energy sector. The energy unit of Kolon Industries Inc., which offers water and energy solution as well as sewage and waste processing services, said it will invest in half of the stake of the joint venture with the Norwegian company that has recognized technology in offshore plants.“Kolon Water & Energy aims to become the t