Hyundai Motor ties up with SK on hydrogen, initiates first overseas fuel cell project
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Hyundai Motor Group chairman Chung Euisun and SK chief Chey Tae-won are expected to sign a memorandum of understanding between the two companies to establish infrastructure for the hydrogen business with Incheon city government during the third Hydrogen Council meeting to be held on Tuesday afternoon.
Earlier in the day, Chung joined a virtual ground-breaking ceremony for its first hydrogen fuel cell system facility outside Korea in Guangzhou, Guangdong Province. The facility dubbed HTWO Guanzhou to be completed in the second half of 2022 will have initial annual capacity to produce 6,500 fuel cell systems.
Hydrogen is being pushed by new growth for energy, business and carbon neutrality commitment by the South Korean government and business sector led by Hyundai Motor.
Under Hyundai Motor-SK partnership, the two will foster the development of eco-friendly hydrogen fuel cells for power generation.
SK will produce and supply hydrogen to Hyundai Motor, and Hyundai Motor will provide its hydrogen vehicles for SK.
Hyundai Motor Group struck alliance with steel giant Posco to collaborate on replacing coal fuel with hydrogen to turn out steel and cars driving at Posco’s plants with Hyundai hydrogen vehicles.
In 2018, Hyundai Motor Group announced plans to expand its supply capacity to 700,000 hydrogen fuel cell systems annually by 2030, under its mid- to long-term hydrogen roadmap ‘Fuel Cell Vision 2030.’
Through strategic partnerships with hydrogen, energy and logistics companies around the world, the Group has expanded its fuel cell system business, accelerating development of a hydrogen society and laying the foundation for the company’s HTWO brand, with initial focus on major hub regions — Korea, Europe, China and the U.S.
SK Group too is accelerating efforts to ride on hydrogen economy. Chey, who has been officially appointed as the new chairman of Seoul Chamber of Commerce and Industry recently, has shown the company’s strong will to join the move.
Late last year, SK Group launched a hydrogen business committee made up of 20 experts from affiliated units, including SK Holdings, SK Innovation and SK E&S, and directly led by CEO for quick decision making.
SK Group aims to produce 250,000 tons of blue hydrogen from 2025, which is created from natural gas with carbon capture and storage technology scooping up the resulting carbon dioxide. By 2023, it will build liquid hydrogen production facilities with an annual capacity of 30,000 tons for supply to Seoul and suburban cities.
In the longer term, SK will seek for production of green hydrogen from renewable as well.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Hyundai Motor and Hyosung take administrative step for leadership change - Pulse by Maeil Business News Korea
- Korean IT, game firms disgruntled with China’s restrictive measures - Pulse by Maeil Business News Korea
- Korean Air prices $3 bn right offering at 19,100 apiece, overhang issue weighs stk - Pulse by Maeil Business News Korea
- S. Korea, Switzerland to extend $11 bn currency swap deal until 2026 - Pulse by Maeil Business News Korea
- Hyundai Mobis earmarks up to $3 bn in M&As in aerial and other future mobility - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 초대형 베이커리 카페 늘어난 ‘진짜 이유’
- 미행·협박 당한 민희진 “하이브에 기회 준 것”…가처분 신청한 이유[종합] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이