Gas Corporation, World's First to Produce and Supply Liquefied Hydrogen Using LNG Cold Energy

GS Caltex and Liquefied Hydrogen Production and Supply Agreement
Hydrogen Refueling Available at Metropolitan Area Gas Stations in 2024

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Gas Corporation is set to become the world's first to produce and supply liquefied hydrogen using the cold energy of liquefied natural gas (LNG).

On the 28th, Gas Corporation signed a business agreement with GS Caltex at GS Tower in Gangnam-gu, Seoul, titled "Business Agreement for the Successful Launch and Strategic Partnership of Liquefied Hydrogen Production and Supply." About 20 officials, including Chae Heebong, President of Gas Corporation, and Heo Sehong, President of GS Caltex, attended the event.

Liquefied hydrogen has the advantage of reducing volume to 1/800 compared to its gaseous state, making storage and transportation easier. Through this liquefied hydrogen production and supply agreement, both companies will focus on establishing a cooperative system for hydrogen business, including ▲hydrogen extraction bases ▲liquefied hydrogen plants ▲construction and operation of liquefied hydrogen charging stations ▲commercialization of carbon capture and utilization (CCU) technology.

First, the two companies plan to build a liquefied hydrogen megastation with an annual capacity of 10,000 tons to supply the metropolitan and central regions in the future. The liquefied hydrogen megastation is a project that extracts hydrogen from natural gas at the Gas Corporation's LNG base, converts and stores it as liquefied hydrogen using LNG cold energy, and supplies it to liquefied hydrogen charging stations in the metropolitan area via tank lorries. The target completion date is December 2024.

Liquefied hydrogen is easy to store and transport, allowing hydrogen charging stations to be installed within gas stations. It also enables cost reduction in supply and convenient hydrogen charging. In particular, Gas Corporation can reduce costs by up to 30% by utilizing the cold energy generated and discarded during the LNG vaporization process for hydrogen liquefaction.

Chae Heebong, President of Gas Corporation, said, "If Gas Corporation, which owns the world's largest LNG production infrastructure, cooperates with GS Caltex, which has the largest domestic energy supply network including gas stations and charging stations, we can expect a synergistic effect leading the hydrogen production and sales sector." He added, "Taking this MOU as an opportunity, we will actively respond to the government's Green New Deal and carbon neutrality policies and focus on supplying more economical hydrogen to the public."

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