"To Play a Role in the Global Hydrogen Ecosystem in the Transportation and Storage Sector"

On the 8th, key company heads attending the 'H2 Business Summit' held ahead of the opening of the '2021 Hydrogen Mobility+ Show' at Kintex in Goyang, Gyeonggi Province, are taking a group photo. From the left: Heo Jeong-seok, Vice Chairman of Iljin Holdings; Choi Yoon-beom, Vice President of Korea Zinc; Lee Gyu-ho, Vice President of Kolon Group; Park Jung-won, Chairman of Doosan Group; Heo Se-hong, President of GS Group; Shin Dong-bin, Chairman of Lotte Group; Choi Tae-won, Chairman of SK Group; Chung Eui-sun, Chairman of Hyundai Motor Group; Choi Jung-woo, Chairman of POSCO Group; Kim Dong-kwan, President of Hanwha Group; Jung Ki-sun, Vice President of Hyundai Heavy Industries Holdings; Cho Hyun-sang, Vice Chairman of Hyosung Group; Koo Dong-hwi, CEO of E1; Kim Sang-beom, Chairman of Isu Group. /Goyang=Photo by Kang Jin-hyung aymsdream@

On the 8th, key company heads attending the 'H2 Business Summit' held ahead of the opening of the '2021 Hydrogen Mobility+ Show' at Kintex in Goyang, Gyeonggi Province, are taking a group photo. From the left: Heo Jeong-seok, Vice Chairman of Iljin Holdings; Choi Yoon-beom, Vice President of Korea Zinc; Lee Gyu-ho, Vice President of Kolon Group; Park Jung-won, Chairman of Doosan Group; Heo Se-hong, President of GS Group; Shin Dong-bin, Chairman of Lotte Group; Choi Tae-won, Chairman of SK Group; Chung Eui-sun, Chairman of Hyundai Motor Group; Choi Jung-woo, Chairman of POSCO Group; Kim Dong-kwan, President of Hanwha Group; Jung Ki-sun, Vice President of Hyundai Heavy Industries Holdings; Cho Hyun-sang, Vice Chairman of Hyosung Group; Koo Dong-hwi, CEO of E1; Kim Sang-beom, Chairman of Isu Group. /Goyang=Photo by Kang Jin-hyung aymsdream@

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[Asia Economy Reporter Hwang Yoon-joo] Hyundai Heavy Industries Group is partnering with the world's largest powertrain development company to develop hydrogen fuel cells for ships.


On the 8th, at the hydrogen industry exhibition 'Hydrogen Mobility+ Show' held at KINTEX in Goyang, Gyeonggi Province, Hyundai Heavy Industries Group signed a memorandum of understanding (MOU) with AVL, an Austrian powertrain development company, to develop hydrogen fuel cells for ships targeting the year 2025.


Hydrogen fuel cells are key components of hydrogen fuel-powered ships that can increase energy efficiency by more than 60% compared to conventional internal combustion engines. The two companies aim to develop fuel cells with outputs ranging from 200kW to 1.5MW.


The fuel cells will be applied to propulsion engines for domestic coastal island ferries and tugboats, inland waterway cargo ship propulsion engines, and medium-sized hydrogen carriers.


At this Hydrogen Mobility+ Show exhibition, Hyundai Heavy Industries Group showcased a hydrogen society ecosystem built as a hydrogen value chain from production to transportation, storage, and utilization under the theme 'Hydrogen Dream 2030.'


A diorama (scale model) that provides an overview of the hydrogen society ecosystem, along with models of hydrogen carriers, hydrogen tanks, and hydrogen fuel cell construction machinery currently under development, were presented to attendees.



Jung Ki-sun, Vice Chairman of Hyundai Heavy Industries Group, told reporters at the H2 Business Summit on the same day, "We will definitely play a global role in hydrogen in the transportation and storage sectors, where we excel the most," adding, "We also need cooperation with companies to create a hydrogen ecosystem, and we will fulfill our role."


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

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