Iljin Highsolus to Build Hydrogen Ship with Samsung Heavy Industries

[Asia Economy Reporter Junhyung Lee] Iljin High Solus, a subsidiary of Iljin Group, announced on the 2nd that it has signed a Memorandum of Understanding (MOU) with Samsung Heavy Industries for the joint development of hydrogen ships. The signing ceremony was attended by Iljin High Solus, seven companies related to the hydrogen industry, and Professor Jaemyung Lee from Pusan National University.

Iljin High Solus is a company that mass-produces hydrogen fuel storage systems on the largest scale in the world. Through this MOU, Iljin High Solus is expected to supply high-pressure hydrogen fuel storage systems for hydrogen fuel cell ships being built by Samsung Heavy Industries.

Hydrogen ships require a much larger amount of hydrogen compared to land mobility hydrogen vehicles. According to the industry, one hydrogen container ship is equipped with hydrogen storage systems equivalent to about 10,000 hydrogen vehicles.

The carbon neutrality movement, which is gaining momentum across various industries, is the background of this MOU. The International Maritime Organization (IMO) announced plans to reduce carbon dioxide emissions from ships by 40% by 2030, and carbon dioxide regulations are being applied to ships following automobiles. Accordingly, shipbuilders are accelerating the development of eco-friendly ships to secure new markets, according to Iljin High Solus.

Hong-sang Ahn, CEO of Iljin High Solus, said, "We will cooperate to the fullest extent to hold a key leadership position in the eco-friendly ship market for the prestige of South Korea as a shipbuilding powerhouse."

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