Hyundai Engineering has chosen to spend heavily in the development of environmentally friendly technology that creates high-purity, pure hydrogen from waste plastic.
Hyundai Engineering will complete a technological demonstration test to manufacture high-purity clean hydrogen utilizing waste plastics as a raw material by the end of this year and will begin construction on a hydrogen production facility the following year. The facility will be built in Dangjin, Chungcheongnam-do, at a total cost of 400 billion won.
Hyundai Engineering intends to process 100,000 tons of waste plastic raw materials each year in order to generate 220,000 tons of high-purity clean hydrogen products with this project. For a year, 220,000 tons of hydrogen is enough to power 150,000 hydrogen automobiles.
Hyundai Engineering’s technique, which uses waste plastic to manufacture hydrogen at a low cost, is likely to help the country strengthen its position as a hydrogen oil producer.
Furthermore, carbon dioxide recycling technology reduces the majority of the carbon dioxide produced by waste plastic recycling operations.
“By expanding into the clean hydrogen generation sector by recovering waste plastics, we intend to play a role as an energy provider that plays an essential part in Hyundai Motor Group’s hydrogen value chain,” a company official said. We’ll create a long-term development engine and employ ESG management.”
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