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Four 40,000-ton ammonia storage tanks and two 50,000-ton ships can both dock at the hydrogen (ammonia) pier, which will be constructed on the water in front of Gagok-ri, Songsan-myeon, with an estimated 450 billion won in private development spending from 2024 to 2030.

In a letter to parliament, Dutch Energy Minister Rob Jetten announced that the government will appoint Gasunie, a gas grid operator, to oversee efforts to establish a hydrogen network in the North Sea.

By rewriting its National Hydrogen Strategy before schedule, the German Economy Ministry (BMWK) hopes to consolidate goals to double the nation’s electrolysis capacity by 2030, which is required to separate water into hydrogen and oxygen.

For climate change initiatives in six regions, the Netherlands will receive 623 million euros in European subsidies.

In order to create hydrogen-powered ships and port applications for the European market, renewable energy startup e1 Marine has signed a Memorandum of Understanding (MoU) with naval design and engineering experts NAVTEK.

The production will take place at BMW’s “pilot factory” at its Munich Research and Innovation Centre, with the vehicle expected to hit the roads in the spring of 2023. The plant employs about 900 employees who work in departments like the body shop, assembly, and concept car manufacturing.

Shell intends to produce hydrogen using power from small nuclear power stations.

With the signing of a Memorandum of Cooperation (MoC) to encourage innovation and create a global hydrogen market, the EU and Japan have strengthened their cooperation on hydrogen.

Germany intends to build a 1,800-kilometer (1,118 miles) hydrogen energy pipeline network by 2027 with state assistance.

The POSCO Group will make a sizable investment in Australia totaling 52 trillion won by 2040.