Daechang Solution's 'Liquefied Hydrogen Storage and Transport System' Localization

[Asia Economy Reporter Hwang Junho] Daechang Solution announced on the 7th that it will participate as a developer in the hydrogen industry national research and development project led by the Ministry of Trade, Industry and Energy.

The Ministry of Trade, Industry and Energy announced on the 7th that it will support a total of 171.8 billion KRW in the fields of hydrogen production, storage, utilization, and safety by discovering 22 new projects through the selection of 'new operators for the energy technology development project.' This is a 62% increase compared to the previous year. Among them, Daechang Solution's subsidiary, Cryos, was selected as the lead operator for the '3-ton class liquefied hydrogen transport tank development and demonstration project.' Cryos will pursue localization by 2024.

Currently, all liquid hydrogen transport tank trailers are imported. If Cryos completes localization development and demonstration through this project, starting in 2025, the transport of liquid hydrogen produced at domestic liquefied hydrogen plants will utilize these tanks.

Daechang Solution also participates as a co-developer in the 'Liquefied Hydrogen Related Evaluation and Safety Standards Development' project led by the Korea Gas Safety Corporation. They will develop testing and inspection equipment for liquefied hydrogen valves, emergency shut-off devices, and insulated piping. Additionally, Cryos will supply three types of liquefied hydrogen storage tanks for standards development, playing a key role in establishing technical standards for major liquefied hydrogen components.

Kim Daesung, CEO of Cryos, stated, "Leveraging the technological expertise accumulated as a specialist in liquefied natural gas (LNG) and cryogenics, we signed a supply contract in January for tank trailers used to transport liquefied hydrogen produced at HiChangwon's liquefaction plant starting next year. We will play a pivotal role in establishing a safe usage environment for domestic liquefied hydrogen in the future."

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