01:20 PM EST, 03/07/2024 (MT Newswires) -- 3M ( MMM ) agreed with HD Hyundai Korea Shipbuilding & Marine Engineering on a joint research project to develop large liquid hydrogen storage tanks using the conglomerate's "glass bubbles" insulation system.

"This collaboration is a major step forward in the pursuit of making hydrogen technologies available at scale," 3M Advanced Materials Division President Brian Coleman said Thursday in a statement. "3M's ( MMM ) glass bubbles offer significant advantages over traditional cryogenic insulation materials when it comes to thermal efficiency and durability."

The companies aim "to capture the initial volume of orders for high-value-added ships" used to transport liquid hydrogen, the statement said.

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