Mountain, Academia, and Industry Unite with Hydrogen! ... Busan City Takes First Step in Ecosystem Creation through 'Hydrogen Alliance'
[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] On the 11th at 2:30 PM, Busan City held the 'Busan Hydrogen Alliance Formation Ceremony' at Lotte Hotel Busan to foster and develop the hydrogen industry in Busan.
The Hydrogen Alliance is one of the measures announced in the 'Busan City Hydrogen Industry Promotion Plan' during the 21st Emergency Economic Measures Meeting held last December.
The city aims to establish a hydrogen industry value chain and build a hydrogen industry ecosystem in Busan by forming the Hydrogen Alliance, a cooperation system among local related organizations and 18 leading hydrogen companies centered on Busan Technopark.
The 18 companies participating in the Hydrogen Alliance are Panasia, Corens, Geumyang, Donghwa Entech, NK, Daechang Solution, Unis, DH Controls, Haeriana, Daehwa, Daedo Hyzen, Jeonjin Entech, Yeongdo Industry, Korea Hydraulic, Dongsung Fintech, Dongin Gijeon, Busan City Gas, and Beomhan Fuel Cell.
The event proceeded with the introduction of the companies participating in the Hydrogen Alliance and the signing of a business agreement for hydrogen industry promotion.
The business agreement includes establishing an organic cooperation system between institutions and companies to revitalize Busan's hydrogen industry and promoting the development of the regional hydrogen economy through mutual cooperation.
The Hydrogen Alliance is operated under three divisions?hydrogen storage and carriers, fuel cells and BOP, and CCUS?led by co-chairmen Chairman Lee Su-tae of Panasia and Chairman Jo Yong-guk of Corens.
According to the Hydrogen Alliance, companies plan to actively participate in fostering the local hydrogen industry through technology development and advancement of hydrogen-related products, creation of hydrogen cluster complexes, and training of specialized personnel.
Busan Mayor Park Hyung-jun said, “We will support automotive and shipbuilding equipment companies facing difficulties due to the COVID-19 crisis to transition into hydrogen-centered companies.”
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Mayor Park added, “Through the promotion of hydrogen industry policies, we will devote the city's capabilities to create quality jobs and become a growth engine for local companies.”
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