[2022 Green Mobility Award] Smart Green Award 'Hyosung'

[Asia Economy Reporter Yoo Hyun-seok] Hyosung Group has partnered with the global chemical company Linde Group to announce a vision of "Building a Carbon-Neutral Korea through Hydrogen Application Technology." The two companies plan to establish a value chain encompassing liquefied hydrogen production, transportation, and the installation and operation of charging facilities by next year.

First, a liquefied hydrogen plant will be newly constructed on the site within Hyosung Chemical's Yongyeon factory. The two companies aim to complete a liquefied hydrogen plant with an annual capacity of 13,000 tons and begin full-scale operation starting May next year. Separately, Hyosung Heavy Industries will invest 1 trillion KRW over five years to increase liquefied hydrogen production capacity to 39,000 tons in the mid to long term. This will be the world's largest single facility. The new plant will produce liquefied hydrogen by applying Linde's hydrogen liquefaction technology and equipment to by-product hydrogen produced at Hyosung Chemical's Yongyeon factory.

The two companies also plan to build liquefied hydrogen charging infrastructure in line with the plant's completion. Starting with the construction of the first liquefied hydrogen charging station in Ulsan City, they intend to establish more than 30 large-scale liquefied hydrogen charging stations nationwide in accordance with the government's policy to promote large commercial hydrogen vehicles.

Among Hyosung Group affiliates, Hyosung Heavy Industries provides a total solution business covering all materials needed for hydrogen charging stations as well as production, assembly, and construction. It holds the number one market share.

As the hydrogen charging station business expands, Hyosung Group has also decided to expand its carbon fiber business, which is used in core components such as hydrogen fuel tanks. Hydrogen fuel tanks must withstand pressures 500 to 900 times higher than normal air, so high-strength storage containers are essential. Carbon fiber is indispensable for the safe storage, transportation, and use of hydrogen energy.

Hyosung Advanced Materials entered the carbon fiber development field in 2007 and developed the high-performance carbon fiber brand "Tansome," the first of its kind in Korea, in 2011?the shortest development period. The company plans to invest about 1 trillion KRW by 2028 to produce 24,000 tons of carbon fiber annually.

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