Hyundai Motor finds itself at a crossroads as it contemplates increasing expenditures to salvage Hydrogen Energy Network (HyNet), a struggling operator of hydrogen charging stations. With Korea Gas Corp. (KOGAS) refusing further financial assistance, Hyundai faces mounting pressure to support the floundering venture.
Hyundai Motor finds itself at a crossroads as it contemplates increased financial commitments to salvage Hydrogen Energy Network (HyNet), a struggling operator of hydrogen charging stations.
The Korea Gas Corporation (KOGAS), a state-owned importer and transporter of natural gas in South Korea, has chosen DNV to evaluate the feasibility of incorporating hydrogen into the country’s gas transmission network.
Korea Gas Corporation (KOGAS) is advancing as a global hydrogen specialist by participating in all value chains, including “production, supply, distribution, and consumption” of hydrogen, a promising clean energy.
Korea Gas Corporation is promoting the development of a hydrogen charging station that directly produces hydrogen.
KOGAS is actively supporting the demonstration of hydrogen inclusion.
The two businesses agreed to work closely together in the future in a number of areas.
Korea Gas Corporation and IBK Industrial Bank agreed to build and run a ‘hydrogen industry development fund’
Kogas, aims to start importing green hydrogen in 2027 and plans to invest in zero-emissions fuel in countries like Australia and the Middle East.
The two firms agreed to collaborate in a variety of areas, including the expansion of liquid hydrogen onshore storage tanks and the development of liquid hydrogen transportation vessel technology, according to this agreement.
