From Hydrogen Production to Transportation, Storage, and Utilization... Hyundai Heavy Industries Establishes Land and Sea Value Chain

Korea Shipbuilding & Offshore Engineering and Hyundai Oilbank Establish 'Land and Sea Hydrogen Value Chain'
Announce Roadmap for Hydrogen Production, Transportation, Storage, and Utilization by 2030
Develop Green Hydrogen and Hydrogen Fuel Cell Propulsion Ships... Power Generation and Construction Equipment Also Powered by Hydrogen

[Asia Economy Reporter Hwang Yoon-joo] Hyundai Heavy Industries Group has unveiled its vision for the hydrogen business, consolidating the capabilities of its various affiliates. The goal is to become a leading company in the future eco-friendly market by building a hydrogen value chain utilizing its existing expertise in shipbuilding and refining.

On the 25th, Hyundai Heavy Industries Group held an online corporate briefing in the form of a conference call and announced the 'Hydrogen Dream 2030 Roadmap,' one of the group's future growth plans. The core of the roadmap is to establish a 'hydrogen value chain' by 2030, covering production, transportation, storage, and utilization of hydrogen both on land and at sea, based on the infrastructure and technological competitiveness of each affiliate within the group.

The group's shipbuilding intermediate holding company, Korea Shipbuilding & Offshore Engineering, plays a leading role in hydrogen production and supply, as well as transportation, which is crucial for building the hydrogen value chain. It is promoting the development of green hydrogen using world-class shipbuilding and offshore plant technology, including offshore plant power generation and water electrolysis technology.

To ensure stable hydrogen supply, it is developing hydrogen carriers. Additionally, it is also developing hydrogen fuel cell propulsion vessels applying hydrogen fuel cell and hydrogen fuel supply system technologies. Hydrogen fuel cell propulsion vessels use hydrogen, a clean fuel, as propulsion power, improving energy efficiency by more than 40% compared to conventional internal combustion engines, and do not emit air pollutants such as sulfur oxides or nitrogen oxides, making them representative future eco-friendly ships.

Hyundai Oilbank is responsible for producing blue hydrogen. It plans to use blue hydrogen in desulfurization facilities or sell it as fuel for vehicles and power generation. To this end, it will build about 180 hydrogen charging stations nationwide by 2030.

Hyundai Electric and Hyundai Construction Equipment are also advancing power generation projects and construction equipment businesses utilizing hydrogen fuel cells. Hyundai Electric plans to establish eco-friendly and noiseless hydrogen fuel cell power generation facilities, while Hyundai Construction Equipment will be the first in the industry to develop medium- and large-sized construction equipment based on hydrogen.

A Hyundai Heavy Industries Group official said, "The group's new growth businesses will accelerate around two pillars: eco-friendly ships and green energy," adding, "We will focus the group's advanced technology and infrastructure on building a hydrogen value chain to secure future growth engines."

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