Korea Hydro & Nuclear Power, Korea's First Steel Mill Byproduct Hydrogen Fuel Cell Project 추진

POSCO and Clean Hydrogen Activation Agreement

On the 12th, Korea Hydro & Nuclear Power (KHNP) signed a non-face-to-face Memorandum of Understanding (MOU) with POSCO for the "Steel Mill By-product Hydrogen Utilization Fuel Cell Power Generation Project and Promotion of Clean Hydrogen."

[Sejong=Asia Economy Reporter Joo Sang-don] Korea Hydro & Nuclear Power (KHNP) has decided to jointly promote the country's first fuel cell power generation project utilizing by-product hydrogen generated at a steel mill with POSCO.

On the 13th, KHNP announced that it signed a Memorandum of Understanding (MOU) with POSCO for the "Fuel Cell Power Generation Project Utilizing By-product Hydrogen from Steel Mills and Activation of Clean Hydrogen."

According to the non-face-to-face agreement held that day, the two companies will build a 40MW-class hydrogen fuel cell power plant in Gwangyang. They plan to extract hydrogen from by-product gas generated at the Gwangyang Steelworks and produce approximately 318GWh of electricity annually using it.

In addition, the two companies agreed to jointly cooperate on △ joint development of hydrogen fuel cell power generation projects utilizing by-product hydrogen from steel mills △ hydrogen production and utilization projects using clean energy △ technology development and information exchange to activate the clean hydrogen industry △ development and demonstration of overseas clean hydrogen projects. They will also collaborate on technology development and demonstration projects for producing green hydrogen in large quantities using clean energy sources and applying it to hydrogen reduction steelmaking, a method of producing steel products without carbon dioxide emissions.

Park Sang-hyung, Head of New Business Division at KHNP, said, "The fuel cell power generation project utilizing by-product hydrogen from steel mills, which is being promoted for the first time in the country, is a good business model for implementing carbon neutrality policies." He added, "KHNP and steel company POSCO will cooperate to create synergy in various hydrogen-related energy convergence projects domestically and internationally and strive to secure sustainable growth engines for companies."

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