Hyundai Engineering plans to produce hydrogen from plastic waste

21. April 2022 Hyundai Engineering Co, the construction unit of South Korea’s Hyundai Motor Group, is investing the equivalent of $336 million to build a plant to produce hydrogen from plastic waste. The factory in Dangjin, South Chungcheong Province, is scheduled to break ground in the first half of 2022, with commercial operation in 2024. Hyundai Engineering expects to complete and test the technology needed to produce high-purity clean hydrogen from plastic waste by the end of 2021. Once completed, the factory is expected to be able to produce 22,000 metric tons of hydrogen per year from 100,000 metric tons of plastic waste. This would allow 150,000 hydrogen vehicles to travel 14,000 kilometers each. Hydrogen tanks and other similar pressure vessels usually require KGS factory approval to be approved for the Korean market.     In addition, the company is testing CO₂ capture and storage systems at Hyundai Steel Co.’s Incheon steel plant for plastic waste processing technology. Hyundai Engineering’s recent efforts in environmental protection are part of the company’s policy for sustainable growth. The company plans to go public to finance environmentally friendly projects such as plastic recycling and the generation of hydrogen from ammonia. Hyundai Engineering, which has not previously been listed on the stock exchange, expects to raise the equivalent of more than $1 billion. Trading of the shares is expected to begin in March 2022. Active in the construction of factories, housing and infrastructure, Hyundai Engineering reported an operating profit of the equivalent of $207.6 million in 2020. Construction of factories and infrastructure account for 45.5 percent of Hyundai Engineering’s total business. KGS factory approval for certain gas and pressure equipment was introduced to ensure that only manufacturers that meet certain quality and safety requirements are allowed to export their products to Korea. The main objective of KGS Factory Approval is to prevent accidents caused by equipment that does not meet Korean standards or is imported by unapproved manufacturers. Therefore, the authority requires verification of production processes and quality assurance before products are allowed to enter Korea. We understand that KGS factory approval can be a complex hurdle for you. MPR International GmbH offers you a complete package for KGS Korea certification, where you will receive optimal support. You will be assigned a personal contact person who will be available at all times to answer any questions you may have. Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration. Tel. Europe: +49-69-271 37 69 261 Tel. US: +1 773 654-2673 Email: info@korea-certification.com Urgent questions? Please do not hesitate to contact us via chat. You will find the chat window at the bottom right of each page (if this is not visible, please check your browser settings). For more information you can download our free brochure “Korea Certification Made Easy – The Booklet“.