SC Engineering "New Business Boosted by Hydrogen Economy Activation for Eco-friendly Hydrogen Energy Facility Construction"

[Asia Economy Reporter Yoo Hyun-seok] Comprehensive engineering specialist company SC Engineering announced on the 19th that it expects the new business of building eco-friendly hydrogen energy facilities to gain momentum due to the government's promotion of the hydrogen economy.

On the 18th, the government announced in the '4th Basic Plan for Eco-friendly Vehicles' that it will significantly expand electric and hydrogen vehicle charging stations to supply 7.85 million eco-friendly vehicles by 2030. Through this, the plan is to greatly expand the charging infrastructure so that eco-friendly vehicles, including electric and hydrogen cars, can be charged anytime and anywhere.

A company official said, "The government plans to establish a total of 10 sites this year, including one large- and medium-sized hydrogen production base with a capacity of over 4,000 tons and nine small hydrogen production facilities with a capacity of 400 tons each, rapidly advancing the domestic hydrogen industry ecosystem. As the government is actively promoting the construction of hydrogen facility infrastructure, high growth is expected in SC Engineering’s hydrogen energy facility construction business currently underway."

On the 5th, SC Engineering added new business purposes such as hydrogen storage and hydrogen charging station construction and operation, and renewable energy business at an extraordinary general meeting of shareholders, preparing to actively promote the eco-friendly hydrogen energy facility construction business. With the successful completion of management rights change through the change of CEO and establishment of a new board of directors, the eco-friendly hydrogen energy facility construction business is expected to accelerate.

Yoo Seung-gyu, the new CEO of SC Engineering, is a chemical and energy plant expert who previously served as head of the chemical business division at POSCO Engineering. Immediately after his inauguration, he set the eco-friendly hydrogen facility construction business as SC Engineering’s future growth engine.

SC Engineering plans to fully activate the hydrogen energy business centered on eco-friendly hydrogen facility construction based on its existing comprehensive engineering business experience focused on chemical engineering. It has already established an internal 'Hydrogen Infrastructure Construction Business Cooperation TF Team' and is preparing to promote the hydrogen infrastructure maintenance system business through this TF team.

In the past, SC Engineering successfully completed a hydrogen production plant through a 60 billion KRW-scale Yeosu hydrogen plant construction project for domestic hydrogen manufacturer Deokyang. Additionally, in July last year, it signed a business agreement with Korea Gas Technology Corporation, a gas plant specialized public enterprise, and is jointly conducting domestic and overseas gas and hydrogen facility projects.

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