Doosan Fuel Cell Co., Ltd., a Power Generation Fuel Cell Company, Invests in Saemangeum Industrial Complex

Investing 143.7 Billion KRW, Creating 190 Jobs

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Hanho] Jeonbuk Province announced on the 24th that it signed an investment agreement with the Saemangeum Development Agency, Gunsan City, and Korea Rural Community Corporation to establish Doosan Fuel Cell Co., Ltd.'s "power generation fuel cell mass production facility" in the Saemangeum National Industrial Complex.

Doosan Fuel Cell Co., Ltd. plans to invest 143.7 billion KRW on a 79,200㎡ site within the Saemangeum National Industrial Complex, starting construction of the factory in April 2022, and plans to hire about 90 new employees by 2024 and a total of 190 by 2026.

Doosan Fuel Cell Co., Ltd. is a leading domestic hydrogen fuel cell company supplying power generation fuel cells based on phosphoric acid fuel cell (PAFC) technology.

In particular, Doosan Fuel Cell plans to develop and produce solid oxide fuel cells (SOFC) alongside phosphoric acid fuel cells to expand its business within the hydrogen value chain in response to the rapid market expansion of the hydrogen economy.

The solid oxide fuel cells to be mass-produced in Saemangeum will be used as power sources for power generation and eco-friendly ships, and have the highest power generation efficiency among fuel cells.

This investment by Doosan Fuel Cell Co., Ltd. was decided considering the ongoing establishment of the Saemangeum Smart Green Industrial Complex, synergy effects through cooperation with hydrogen-related resident companies, and collaboration with companies scheduled to join the green hydrogen production cluster.

Jaehooseok, Executive Director of Doosan Fuel Cell, stated, "We will lead the hydrogen industry by discovering various new business models within the hydrogen economy and developing innovative technologies," and added, "We aim to become a company that contributes to revitalizing the local economy by growing together with specialized small and medium enterprises."

Song Hajin, Governor of Jeollabuk-do, said, "We expect Saemangeum to become a hub for the renewable energy industry with the entry of Doosan Fuel Cell Co., Ltd.," and added, "The province will firmly support Doosan Fuel Cell to grow into a global company."

Jeonju=Honam Reporting Headquarters Reporter Kim Hanho stonepeak@asiae.co.kr

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