Author: Arnes Biogradlija

By 2030, Lotte Chemical would invest a total of ten trillion won in hydrogen and battery materials, which are critical industries for carbon neutrality and future growth. The corporation intends to do this by increasing its total revenues to 50 trillion won, including 12 trillion won in environmentally friendly enterprises. On the 31st, Lotte Chemical hosted “the 2022 Chief Executive Officer (CEO) IR Day” at the Conrad Hotel in Yeouido, Seoul for 20 key domestic investment institutions and outlined intentions to actualize new enterprises. Lotte Chemical has committed to investing more than 11 trillion won by 2030, with three new…

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Incheon’s Cheongna district will see the construction of a hydrogen manufacturing plant that will be operational by 2024. It is part of the government’s ambition to make Incheon into Korea’s hydrogen economy hub, which includes converting all of the city’s buses to hydrogen-powered vehicles. The Incheon Metropolitan City, SK E&S, and Plug Power of Latham, New York, a provider of turnkey hydrogen solutions, signed an agreement on Wednesday to create a “Gigafactory” within the Incheon industrial complex. The “Gigafactory” will produce electrolyzers, green hydrogen, and fuel cells. The products will be distributed both domestically and internationally. While the ministry did…

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The Ministry of Trade, Industry, and Energy selected the completed green hydrogen charging station as a public offering project in May 2019, and it was completed after two years of technological development at a total project cost of about 12.4 billion won, including 9.3 billion won from the government.

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