The legislation makes 450 million euros available to fund initiatives targeted at improving the green hydrogen supply chain, which is a critical component of the industry, transportation, and the tertiary sector’s decarbonization efforts.
A ceremony in Seoul was held to establish the joint venture with Air Liquide Korea, according to Lotte Chemical. Lotte Chemical holds 40% of the joint venture, with the French business-owning 60%. Their investment amount was not revealed.
. “The German auto industry must focus its efforts on electric propulsion,” Duesmann said, “since huge expenditures are required to develop a sufficient network of charging stations.”
