KDB Industrial Bank will invest in Korea’s largest liquefied hydrogen plant facility.
Korea Development Bank (KDB) announced on the 21st that it would support Linde Hydrogen Energy (LHE) in the construction of the country’s largest liquefied hydrogen production plant by providing KRW 108 billion in the ‘KDB Carbon Source Spread Fund’
When the Linde Group and Hyosung Heavy Industries formed their joint venture to form Linde Hydrogen Energy, they made the decision to build a liquid hydrogen production facility.
An annual capacity of 13,000 tons of liquid hydrogen will be produced at Hyosung Chemical’s Ulsan plant as part of this project. With a yearly charging capacity of approximately 100,000 hydrogen cars, it is Korea’s largest single plant.
The Korea Development Bank is providing financial assistance to the “hydrogen production” sector of the hydrogen value chain.
The policy financial support of the Korea Development Bank will begin in earnest to build a hydrogen ecosystem, according to the Korea Development Bank.
Hyosung Chemical will supply the raw materials (by-product hydrogen) for this time’s liquid hydrogen production plant, which will then use Linde Group’s liquefaction technology to produce liquid hydrogen products.
It is Hyosung Hydrogen, a company that operates hydrogen charging stations, that purchases the liquid hydrogen produced and distributes it to the hydrogen commercial vehicle market, which includes vehicles like buses and semi-trailers. Linde Group and Hyosung Heavy Industries formed Hyosung Hydrogen, a liquid hydrogen sales company, in a joint venture.
Early this year, KDB Carbon Source Spread was launched and has been providing funds to various fields for low-carbon green growth.
