The SK Group will lead a project to develop a port energy ecosystem for hydrogen production, logistics, consumption, and utilization.

SK has inked an agreement with the country’s ministry of oceans and fisheries, which sees ports as the optimum location for developing a hydrogen complex station, converting port mobility and vessels to hydrogen fuel, and establishing a blue hydrogen production base. Natural gas and collection and storage technology are used to create blue hydrogen.

By 2023, SK E&S wants to construct the first hydrogen complex station at the Yeosu Gwangyang Port, which will act as a hub for providing liquefied hydrogen gas to ports and the surrounding area.

The ministry stated it will look into the feasibility of establishing a hydrogen energy ecosystem for major ports across the country, such as Busan, Incheon, and Ulsan, in order to supply more than 60% of South Korea’s total hydrogen consumption through hydrogen ports by 2040.