Jungbu Power and Saemangeum Sign MOU for Green Hydrogen Production Cluster
At the main building of Jeonbuk Provincial Office on the 21st, officials pose for a commemorative photo after the business agreement ceremony for the 'Saemangeum Green Hydrogen Production Cluster Establishment.' The fifth person from the right in the second row is Noh Woong-hwan, Head of Business Division at Korea Midland Power Co., Ltd. (Photo by Korea Midland Power Co., Ltd.)
View original image[Asia Economy Reporter Moon Chaeseok] Korea Midland Power announced on the 21st that it signed a business agreement at the Jeonbuk Provincial Government main building with 22 organizations including Jeollabuk-do, Saemangeum Development Agency, Gunsan City, Saemangeum Development Corporation, and Jeonbuk Technopark to establish the 'Saemangeum Green Hydrogen Production Cluster.'
Through this agreement, Jeonbuk Province plans to create a renewable energy complex within the Saemangeum Industrial Complex and establish a green hydrogen production cluster utilizing this facility.
To build the green hydrogen production cluster, Jeollabuk-do and Gunsan City will provide administrative and financial support.
The Saemangeum Development Agency and Saemangeum Development Corporation will support complex development, site provision, and incentives for resident companies.
Jeonbuk Technopark will oversee project operations, and 17 related organizations and companies including Midland Power will conduct green hydrogen production development and demonstration research.
Over five years from 2022 to 2026, approximately 500 billion KRW in project funds will be utilized to support the establishment of a domestic hydrogen economy centered on an industry-academia-research-government network.
No Woong-hwan, Head of the Business Division at Midland Power, stated, "Midland Power will build a large-scale renewable energy complex within the Saemangeum Industrial Complex, produce green hydrogen, create jobs, and enhance economic feasibility."
He expressed hope that this opportunity will lay the foundation for Korea to leap forward as the global number one country in the hydrogen economy.
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Midland Power plans to develop various renewable energy sources to achieve the Renewable Energy 3020 Roadmap and respond to the government's hydrogen economy activation policies.
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