SK Gas to Build Hydrogen Complex in Ulsan

[Asia Economy Reporter Kim Cheol-hyun] SK Gas is set to build a hydrogen complex in Ulsan. According to industry sources on the 7th, SK Gas aims to establish a 140,000㎡ hydrogen complex in Ulsan by 2025. The specific investment amount for the construction of the complex has not yet been finalized.

Through this, SK Gas plans to establish a hydrogen value chain ranging from raw material procurement to hydrogen production and demand creation. The complex will include hydrogen extraction facilities and a cryogenic liquefied hydrogen plant.

Since SK Gas already trades LNG and LPG, it expects to secure raw materials at low prices and produce competitively priced extracted hydrogen. At the end of last month, SK Gas also signed a memorandum of understanding to establish a joint venture (JV) with Lotte Chemical to promote projects such as by-product hydrogen-based hydrogen charging stations and hydrogen fuel cell power plants.

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