Completion of Dangjin Busaeng Hydrogen Shipping Center... Annual Supply for 13,000 Hydrogen Vehicles
Supply of Byproduct Hydrogen for Transportation at Over 20% Lower Cost
[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Trade, Industry and Energy held a completion ceremony for the Dangjin Hydrogen Supply Shipping Center for hydrogen vehicles in Dangjin City, Chungcheongnam-do on the 26th.
With the establishment of this by-product hydrogen shipping center, hydrogen (up to 2,000 tons) that can be used by 13,000 hydrogen passenger cars annually is expected to be supplied to Seoul, Gyeonggi, Chungnam, parts of Chungbuk, and parts of Jeonbuk. The hydrogen price will also be reduced by at least 20% starting this month.
The Ministry of Trade, Industry and Energy stated, "Affordable hydrogen supply will greatly improve the profitability of hydrogen charging stations," and added, "Furthermore, it is expected to enhance consumer benefits for those using hydrogen vehicles."
The by-product hydrogen shipping center stores hydrogen produced at the hydrogen production plant (Hyundai Steel) and loads it at high pressure (200 bar) onto hydrogen tube trailers. A new distribution network from hydrogen production to distribution and supply has been established, expected to serve as a catalyst for the hydrogen economy.
Hyundai Steel plans to produce 60,000 tons of by-product hydrogen by 2030 by utilizing by-product gas generated from the steelmaking process to ensure stable hydrogen supply. Additionally, it plans to gradually convert transportation trucks and work vehicles, including those at the steelworks, to hydrogen fuel cell vehicles.
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An official from the Ministry of Trade, Industry and Energy said, "We plan to continuously support the Dangjin Hydrogen Shipping Center to become an innovative model for hydrogen distribution through stable supply and distribution efficiency," and added, "Based on this achievement, we will actively establish second and third shipping centers."
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