The hydrogen network will support the country's ambitious decarbonisation agenda to achieve net zero emissions by 2050.
On behalf of the joint venture, Linde will build and operate Asia's largest liquid hydrogen facility. With a capacity of over 30 tpd, this facility will process enough hydrogen to fuel 100 000 cars and save up to 130 000 tpy of carbon dioxide tailpipe emissions. Based in Ulsan, the plants will use Linde's hydrogen liquefaction technology which is currently used to produce approximately half of the world's liquid hydrogen. The first phase of the project is expected to start operations in 2023.
Under the partnership, Linde will sell and distribute the liquid hydrogen produced at Ulsan to the growing mobility market in South Korea. To enable this, the joint venture will build, own and operate a nationwide network of hydrogen refuelling stations.
"Hydrogen has emerged as a key enabler of the global energy transition to meet the decarbonisation goals set out in the Paris Agreement," said B.S. Sung, President of Linde Korea. "The South Korean government has set ambitious targets for hydrogen-powered fuel cell vehicles and the widespread, reliable availability of liquid hydrogen will be instrumental to achieving these targets. We are excited to partner with Hyosung to develop the hydrogen supply chain in South Korea."
"Our partnership with Linde is a cornerstone of the development of South Korea's national hydrogen economy and will advance the entire liquid hydrogen value chain across the country, from production and distribution to sales and services," said Cho Hyun-Joon, Chairman of Hyosung Group. "We look forward to working with Linde to further reinforce and strengthen Hyosung as a leader in the global hydrogen energy transition."
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/05022021/linde-and-hyosung-developing-hydrogen-infrastructure-in-south-korea/