Ministry of Industry Participates in the 34th International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE)

Prime Minister Chung Sye-kyun is delivering a keynote speech at the 1st Hydrogen Economy Committee held at KINTEX in Goyang, Gyeonggi Province on the 1st. Chaired by Prime Minister Chung Sye-kyun, this committee, which includes government and private members, will serve as a government-wide control tower for the hydrogen economy. Discussions will cover plans to create a hydrogen industry ecosystem and designate a dedicated agency, aiming to foster the hydrogen economy and establish momentum to become a leading hydrogen industry nation. / Goyang - Photo by Kim Hyun-min kimhyun81@

Prime Minister Chung Sye-kyun is delivering a keynote speech at the 1st Hydrogen Economy Committee held at KINTEX in Goyang, Gyeonggi Province on the 1st. Chaired by Prime Minister Chung Sye-kyun, this committee, which includes government and private members, will serve as a government-wide control tower for the hydrogen economy. Discussions will cover plans to create a hydrogen industry ecosystem and designate a dedicated agency, aiming to foster the hydrogen economy and establish momentum to become a leading hydrogen industry nation. / Goyang - Photo by Kim Hyun-min kimhyun81@

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[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced on the 6th that it attended the 34th International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) General Assembly held over four days from the 2nd to the 5th. Member countries agreed to continue researching the eco-friendliness of hydrogen, including green hydrogen.


The ministry stated that at this general assembly, discussions were held on sharing hydrogen economy policies of leading hydrogen economy countries and the global trade potential of hydrogen.


First, the sharing of hydrogen economy policies and Q&A sessions were conducted among countries. The ministry introduced ▲ plans to support hydrogen mobility research and development (R&D) ▲ and the introduction plan of the Hydrogen Power Supply obligation system (HPS).


It also introduced global hydrogen cooperation measures such as promoting hydrogen safety through the establishment of a hydrogen charging station within the government Sejong Complex in August and launching the Green Hydrogen Overseas Business Group.


The Green Hydrogen Overseas Business Group is an organization consisting of 30 institutions, including the Ministry of Trade, Industry and Energy, 16 private companies such as shipbuilding and refining companies, and 5 public enterprises, aiming to promote the import of overseas clean hydrogen centered on green hydrogen.


Member countries also agreed to analyze hydrogen production processes such as green hydrogen, extracted hydrogen, and by-product hydrogen to study the eco-friendliness of hydrogen.


The ministry plans to conduct a full-cycle environmental analysis study on by-product hydrogen by next year. This study will analyze the environmental and economic effects of using by-product hydrogen as transportation hydrogen.


Representatives from global oil majors such as Shell and Total emphasized, "Hydrogen plays a very important role in transitioning from fossil fuels to a decarbonized economy," and "Hydrogen is essential to complement the intermittency of renewable energy."


Meanwhile, Japan introduced that it successfully completed a demonstration project importing hydrogen from Brunei this year and plans to promote hydrogen imports from Australia next year.


The Hydrogen Safety Center (CHS), a nonprofit organization based in New York, USA, also attended the general assembly and presented the results of analyzing five hydrogen accident cases worldwide. The causes of accidents were assembly errors, installation of equipment not meeting standards, and unauthorized facility repairs.


CHS emphasized, "While setting hydrogen safety standards is important, establishing a culture of adhering to safety standards is even more crucial."



A ministry official explained, "With the enforcement of the Hydrogen Act in the first half of next year, we will establish a 'Basic Plan for the Hydrogen Economy' to supplement the hydrogen economy roadmap," adding, "We plan to continuously strengthen bilateral and multilateral cooperation to proactively respond to the global spread of the hydrogen economy."


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

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