The Korean government and four businesses—Hyundai Motor, SK E&S, Hyosung, and Hychangwon—signed a memorandum of understanding (MOU) to establish a national liquid hydrogen supply chain and increase the usage of hydrogen vehicles beginning in 2019.
The Ministry of Land, Infrastructure, and Transport, the Ministry of Science and ICT, the Ministry of Environment, and the Ministry of Industry, Trade, and Energy all participated on behalf of the government.
Together with Hyosung and Hychangwon, the natural gas company SK E&S will generate and distribute liquid hydrogen. Incheon’s SK E&S is currently constructing a hydrogen facility with a 30,000-ton yearly output capacity. The plant’s operational phase will start in the second half of 2023.
About 40 hydrogen charging stations are being built in Korea by SK Plug Hyverse, a 51:49 joint venture between SK E&S and Plug Power of New York.
Hyundai Motor will work to maintain a steady flow of hydrogen fuel cell vehicles, including as buses and trucks, in both supply and demand. The administrative support for creating the hydrogen supply chain will be strengthened by the ministries.
The majority of the hydrogen used in Korea’s hydrogen supply chain has been in gas form, but starting in 2019, liquid hydrogen will take center stage, according to SK E&S. When it comes to transport and storage, liquid hydrogen is seen to be safer and more effective.