Hyosung Heavy Industries and Uljin-Gun to develop nuclear hydrogen sector
Hyosung Heavy Industries will secure its prominence in the domestic hydrogen business with the expansion in Gyeongbuk.
Hyosung Heavy Industries and the Uljin-gun, Gyeongbuk municipality formed an MOU on a project to develop clean nuclear hydrogen.
The two parties have agreed to cooperate to build the infrastructure geared to robust distribution and use of large-scale clean hydrogen produced through the electricity and heat generated in the process of nuclear power generation in Uljin.
Hyosung, which has a major competitive edge over other domestic businesses, plans to build infrastructure for the production, storage, and transportation of liquid hydrogen in Gyeongbuk as it has already done in Ulsan and Jeonnam.
Hyosung Heavy Industries will forge ahead in the following domains in Uljin:
- Construction of liquefied hydrogen plants
- Provision of liquid hydrogen storage facilities and trailers /pipeline for the transportation of liquid hydrogen, and
- Construction and operation of liquid hydrogen re-filling stations.
Uljin-Gun municipality has agreed to provide positive administrative support for the domains Hyosung Heavy Industries plans to pursue and devise a strategy for the phased progression of the project.
Hyosung Heavy Industries plans to participate in the project to build a national industrial complex to produce clean hydrogen from nuclear power plants, which Uljin-Gun municipality plans to support and promote.
Hyosung Heavy Industries is building a facility that can produce 13,000 tons of liquefied hydrogen yearly at its Yongyeon Plant. The project is scheduled to be completed by 2023. It also plans to build large-sized liquid hydrogen refuelling stations besides those slated to be built in Ulsan, Gwangyang, Geoje, and Gyeongsan.
Ahn Seong-hoon, VP at Hyosung Heavy Industries, said, “We are highly enthusiastic to assume a leading role in the project for the development of a facility that will produce large-scale clean hydrogen being advanced by Uljin-Gun municipality.″