Hyosung Showcases 'Liquefied Hydrogen Value Chain' at Korea's Largest Hydrogen Exhibition

Hyosung's booth installed at the hydrogen specialized exhibition 'H2 MEET 2022'. Photo by Hyosung

[Asia Economy Reporter Donghoon Jeong] Hyosung will participate in 'H2 MEET 2022,' the largest domestic hydrogen specialized exhibition, held at KINTEX in Goyang-si, Gyeonggi-do from the 31st of this month to the 3rd of next month. Hyosung presents a hydrogen business blueprint at the group level, covering everything from liquefied hydrogen production, distribution, to material supply for hydrogen-related products.

At this exhibition, Hyosung has organized its booth to showcase the value chain of liquefied hydrogen centered on digital media and experiential content, allowing visitors to get a comprehensive view of the future of Hyosung's hydrogen business.

Hyosung Heavy Industries has been leading the expansion of the domestic hydrogen economy by proactively investing in the liquefied hydrogen business among Korean companies. Liquefied hydrogen reduces the volume of gaseous hydrogen to 1/800, making storage and transportation easier. Liquefied hydrogen refueling stations can be built at about 30% of the cost of gaseous stations, making it a core technology for the next-generation hydrogen economy.

Through digital media at this exhibition, the current status of Hyosung Heavy Industries' liquefied hydrogen plant, scheduled for completion next year, will be introduced, along with specific plans to increase production capacity from the current 13,000 tons per year to 39,000 tons.

Additionally, plans for producing liquefied hydrogen using renewable energy such as wind power will be showcased. Earlier this year, Hyosung Heavy Industries announced plans to invest about 1 trillion KRW in cooperation with Jeonnam Province and others to produce 'green liquefied hydrogen' through offshore wind power generation and water electrolysis.

Following liquefied hydrogen production, 'H2 Meet 2022' will introduce Hyosung Heavy Industries' technology required for building liquefied hydrogen refueling stations through experiential content such as infographics and touch screens.

Hyosung Heavy Industries, holding the number one market share in the domestic hydrogen refueling station supply sector, plans to build the first liquefied hydrogen refueling station in Ulsan in line with the completion of the liquefied hydrogen plant next year.

By the end of next year, four liquefied hydrogen refueling stations will be established nationwide in Gwangyang, Gyeongsan, Geoje, and other locations, with plans to expand to about 30 stations across the country in the future.

The exhibition will also display hydrogen fuel tanks using nylon materials from Hyosung TNC. Hyosung TNC is the first domestic company to utilize nylon as a liner material for hydrogen fuel tanks. The liner is the internal molded plastic of the hydrogen fuel tank that prevents hydrogen leakage. Compared to existing metal liners, it is lighter and more durable, expected to be a key material that enhances the energy efficiency of hydrogen vehicles.

Carbon fiber developed independently by Hyosung Advanced Materials is also used in hydrogen fuel tanks. Carbon fiber weighs only one-quarter of steel but has more than ten times the strength, making it a core material for hydrogen vehicle fuel tanks that require stable durability. Hyosung Advanced Materials plans to invest about 1 trillion KRW by 2028 to secure an annual production capacity of 24,000 tons of carbon fiber in preparation for the full-scale hydrogen era.

In addition, Hyosung Heavy Industries will introduce the development status and plans for CCCU (Carbon Capture, Utilization, and Storage) technology, essential for blue hydrogen production. Chairman Hyunjoon Cho of Hyosung stated, "Based on the management know-how and technological capabilities accumulated in the hydrogen and energy fields, Hyosung is taking a step closer to completing the value chain centered on liquefied hydrogen. We will mobilize technological capabilities across all business areas to serve as a stepping stone for revitalizing the hydrogen economy and expanding the ecosystem."

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