Under the terms of the agreement, Hyundai Glovis will engage with the world’s leading hydrogen manufacturer to develop a domestic liquid hydrogen supply chain as well as a local blue-green hydrogen supply network.
The basic plan for fostering the hydrogen industry in Yeosu includes
-hydrogen industry trends
-regional status and locational conditions analysis
-development strategy
-special complex development plan
-hydrogen industry R&D support plan
The parties agree to conduct pilot and plant trials to reduce carbon in the steelmaking process, including improving coke quality and evaluating carbon capture, storage, and utilization (CCUS) methods to reduce carbon intensity in the blast furnace, as part of the MoU.
Companies held a completion ceremony for the hydrogen fuel cell distributed power system for microgrids at the Ulsan Technopark in Ulsan, 414 km southeast of Seoul.
This project was created with the goal of expanding the area of hydrogen mobility beyond vehicles to railroads and preoccupying the worldwide eco-friendly tram market in order to achieve carbon neutrality.
According to the firm, its collaboration with a test fleet of 70 hydrogen fuel cell-powered trucks due to hit Chinese roads by the end of the year could have significant implications for the future of the Australian heavy vehicle industry.
The partnership aimed to build a hydrogen plant with a capacity of 400 megawatts and an anticipated hydrogen production rate of about 150,000 kg per day.
