Hanwha Solutions, the chemical division of Hanwha Group, announced that it will begin delivering hydrogen fuel to Hyundai Mobis, a move toward a more active involvement in the rapidly growing hydrogen market.
The company intends to create 48 tons of hydrogen over a two-year period beginning in July, steadily increasing supply in conjunction with the installation of associated infrastructure.
The move marks the chemical company’s entry into the South Korean car hydrogen fuel cell market, which industry sources estimate would reach 3.2 trillion won ($2.86 billion) annually by 2030.
The hydrogen fuel will be created at Hanwha Solutions’ caustic soda manufacturing facility in Yeosu, where sodium chloride, or salt, is purified and dissolved in water.
After removing any contaminants, the salt water is sent through an electrolyzer, where it is broken down into chlorine, caustic soda, and hydrogen. According to the business, the procedure is environmentally beneficial because it does not generate air pollution.
The company claimed that the refining process produces hydrogen fuel for cars with a purity level of 99.999 percent before it is distributed to local hydrogen-charging stations.
