Hyosung Group and Linde Korea to build hydrogen plant in Ulsan

18. November 2021

The groundbreaking ceremony for the hydrogen liquefaction plant took place on 21 June in Ulsan with the participation of the two partners, Hyosung Heavy Industries and Linde Korea. In attendance were the chairmen of Hyosung and Linde, as well as the mayor of Ulsan city and Korea’s vice minister of trade. During the ceremony, Hyosung and Linde spoke of their shared vision to create a CO2-neutral South Korea through the application of hydrogen technology. Linde Hydrogen Energy, a joint venture between Hyosung and Linde, is responsible for the construction of the plant. When completed, the plant, which will be the largest of its kind in the world, will have a capacity of 13,000 tonnes of liquid hydrogen and is scheduled to start operations in 2023. In addition, Hyosung Heavy Industries will invest the equivalent of around 858 million US dollars in the expansion of liquid hydrogen production capacities over the next five years. A capacity of 39,000 tonnes of liquid hydrogen has been named as the target. Such large-scale projects are supported by extended supply chains; components, equipment and machinery are largely imported internationally. When imported, many products must have KGS factory registration or KCs certification for explosion-proof products to be approved under Korean regulations.

 

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