[2021 Green Mobility Award] Hyosung Invests 300 Billion Won in World's Largest Liquefied Hydrogen Plant

Mobility Energy Award (Asia Economy President's Award) Winner

[Asia Economy Reporter Hwang Yoon-joo] Hyosung is recently focusing on research, development, and investment in eco-friendly energy sectors such as hydrogen, and is being recognized for leading the activation of the hydrogen economy. Hyosung, which is leading the domestic hydrogen charging system market, plans to complete the world's largest liquefied hydrogen plant by next year.

Hyosung plans to invest a total of 300 billion KRW by 2022 to build a value chain encompassing liquefied hydrogen production, transportation, and installation and operation of charging facilities. At the new plant, liquefied hydrogen will be produced by applying hydrogen liquefaction technology and equipment owned by the Linde Group to by-product hydrogen produced at the Hyosung Chemical Yongyeon plant.

The liquefied hydrogen produced here will be on an annual scale of 13,000 tons, enough to supply 100,000 hydrogen vehicles, making it the largest single facility in the world. The produced liquefied hydrogen can be used not only for vehicles but also in various mobility sectors such as drones, ships, and forklifts, and is expected to contribute to the development of related industries.

Along with this, Hyosung plans to build hydrogen charging stations at major nationwide hubs in line with the plant completion schedule. Liquefied hydrogen charging stations are faster and more economical than existing gaseous hydrogen charging stations. While it takes the time to charge one passenger car at a gaseous hydrogen charging station, a liquefied hydrogen charging station can charge up to four cars, greatly improving efficiency.

Additionally, liquefied hydrogen is hydrogen in a liquid state, reducing its volume to 1/800 of the gaseous state, making storage and transportation easier, and allowing charging stations to be built on sites about 30% the size of gaseous hydrogen charging stations.

Separately, based on its long-accumulated technological expertise in heavy industries such as rotary machines and compressors, Hyosung entered the compressed natural gas (CNG) charging system business in 2000. Leveraging the technology and operational capabilities gained from the CNG charging system, Hyosung has accumulated hydrogen charging station technology and has been distributing hydrogen charging stations since 2008, currently maintaining the number one domestic market share (35%).

A Hyosung official stated, "Hyosung is leading the ‘hydrogen infrastructure construction business’ encompassing the production, transportation, installation, and operation of liquefied hydrogen facilities," adding, "We will contribute to the activation of the hydrogen economy in line with the government’s Green New Deal policy."

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