Hyundai Glovis Initiates Collaboration to Optimize Hydrogen Supply Chain... Launching 'Hydrogen Logistics' in Full Scale

Hydrogen Refueling Cost Can Be Reduced by 20% When Using Optimization Platform

[Asia Economy Reporter Yoo Je-hoon] Hyundai Glovis announced on the 12th that it has signed a Memorandum of Understanding (MOU) for the development of the hydrogen distribution industry for hydrogen vehicles with HyNet (Hydrogen Energy Network), Hyundai Steel, Hyundai Motor Company, Korea Gas Corporation, and SPG.

According to Hyundai Glovis, the companies participating in this MOU attended the groundbreaking ceremony for the specialized hydrogen supply shipment center for hydrogen vehicles held at Hyundai Steel's hydrogen plant in Dangjin, Chungnam, and laid the foundation for collaboration.

The core of this MOU is to facilitate smooth hydrogen distribution through cooperation among related companies, using the establishment of the shipment center as a preparation for the hydrogen era. Accordingly, each company will begin full-scale operations from the first half of next year, transporting hydrogen produced at the Dangjin Hyundai Steel plant to HyNet hydrogen charging stations located in the Seoul metropolitan area and Chungcheong region.

Hyundai Glovis will deploy a dedicated hydrogen transport special vehicle called a "tube trailer" in this process. This vehicle can transport up to 340 kg per trip, with detailed deployment scale to be determined later. Hyundai Glovis stated, "Currently, hydrogen transportation lacks an integrated system, so information at each stage?production, transportation, and consumption?is not linked, resulting in unstable supply and unnecessary transportation costs." They added, "With this agreement, the supply system will improve, increasing consumer satisfaction."

Hyundai Glovis will also contribute to creating a hydrogen ecosystem by using its self-developed "hydrogen supply chain management optimization platform." This platform connects data from each process?such as hydrogen inventory at charging stations, tube trailer operation status, and daily hydrogen shipment volume?through a network and applies operational algorithms to establish an optimal charging supply plan. Hyundai Glovis expects that through this optimization, the hydrogen charging unit price will decrease by about 20% compared to the current level.

Meanwhile, Hyundai Glovis plans to first establish a supply chain targeting charging stations within a 150 km radius of Dangjin and later expand the logistics coverage nationwide. Furthermore, once the domestic business model stabilizes, they plan to improve it further and pursue related projects overseas.

A Hyundai Glovis official said, "To accelerate the realization of the hydrogen economy, it is important to have a stable hydrogen supply chain," adding, "As a global logistics company, we plan to showcase our competitiveness to maintain a solid position as a leading hydrogen economy country."

This content was produced with the assistance of AI translation services.