liquid hydrogen boils away at a rate of 2% to 3% per day under typical storage. By the time it reaches Korean coastlines, up to 20-30% of the tank will be depleted.
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The government plans to conduct the Hydrogen Economy Committee on the 26th in the presence of ministers from associated ministries, according to the Ministry of Oceans and Fisheries on the 20th. This group will examine hydrogen economy measures by sector and explore potential remedies in the future.
Korea’s ambition to increase fiscal spending to foster hydrogen-related research and development, combined with the legal and institutional framework in the works
Minister Moon Seung-wook met with Piotr Naimski, Special Ambassador for Energy Infrastructure, in Warsaw, Poland, to discuss cooperation in energy fields such as hydrogen and batteries, as well as nuclear power plant order activities, according to the Ministry of Trade, Industry, and Energy.
Natural gas for hydrogen generation for car charging is set at 14.1 won, according to the Ministry of Industry on the 31st, which is roughly 25% less than the raw material cost of natural gas for transportation. From November 2021, the cut-off period is three years. The green hydrogen diffusion rate is used to determine whether or not to extend.
Ulsan City sponsored a hydrogen vessel test drive event at Jangsaengpo Small Ship Pier in Nam-gu, Ulsan Mayor Song Cheol-ho participated in a test run in which he boarded a hydrogen ship and drove it from a tiny ship dock to a coal pier on the Taehwa River’s boundary.
This aims to increase the supply of hydrogen vehicles by removing one of the hurdles to entrance into the usage of hydrogen vehicles: the difficulty of charging.
The government also unveiled a plan to support 30 worldwide hydrogen firms by 2030, resulting in the creation of 50,000 hydrogen-related employment.
Park Ki-young, Vice Minister of Trade, Industry, and Energy, made this comment on the 29th during a carbon neutrality meeting with leaders of firms in the Energy Alliance.
Physically storing hydrogen, such as compression or liquefaction, is a common technique of hydrogen storage, although it takes more energy to increase storage capacity and expensive distribution infrastructure.
