Hyosung Group will build the world’s largest liquefied hydrogen plant with Linde Group, the number one global industrial gas company.
Hyosung Heavy Industries announced on the 5th that it has signed a joint venture (JV) investment agreement with Linde Korea, a Korean subsidiary of Linde Group, to promote the liquefied hydrogen business. The two joint ventures that the two sides agreed to establish are Linde Hydrogen, which is in charge of producing liquefied hydrogen, and Hyosung Hydrogen, which is in charge of sales.
Linde Hydrogen plans to build a 13,000 ton-year liquefied hydrogen plant at Hyosung Chemical’s Ulsan Yongyeon Plant in 2023. 100,000 hydrogen cars can be used for one year.
When the plant is completed, it will become the world’s largest single liquid hydrogen plant. Hyosung Hydrogen is responsible for distributing liquefied hydrogen produced here in Korea. To this end, it has decided to build an infrastructure for charging liquid hydrogen in more than 120 locations nationwide. It was decided to expand the facilities of more than 70 existing hydrogen charging stations and build 50 new ones.
When gaseous hydrogen is liquefied, its volume is reduced to one in 800, which is advantageous for storage and transportation. However, since the temperature had to drop to -253 degrees Celsius, few companies have succeeded in the liquefied hydrogen business so far. Hyosung decided to preoccupy the hydrogen energy market in cooperation with Linde Group, which has experience in liquid hydrogen commercialization.
With the establishment of a joint venture, Hyosung will build a hydrogen value chain that encompasses the production of liquefied hydrogen, transportation, and installation of charging facilities. Hyosung Chairman Cho Hyun-joon said, “We will solidify our position as a leading company in the hydrogen industry by equipping the value chain from hydrogen energy production to distribution and sales systems.”
Reporter Ahn Jae-kwang [email protected]
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