Kolon Industries Showcases Advanced Hydrogen Technologies at 'H2 MEET 2022'

Entry into Hydrogen Power Generation Business... Presenting 'Net-Zero 2040' Blueprint
Strengthening Global Hydrogen Company Image and Exploring New Business Opportunities

Kolon Industries is welcoming visitors at 'H2 MEET 2022,' which opened on the 31st at KINTEX in Goyang-si, Gyeonggi-do. Photo by Kolon Industries

[Asia Economy Reporter Choi Seoyoon] Kolon Industries announced that it will participate in 'H2 MEET 2022 (formerly Hydrogen Mobility+ Show)' held at KINTEX in Ilsan from the 31st to September 3rd.

Kolon Industries recently stated in its Sustainability Management Report that it will promote hydrogen power generation projects through collaboration among affiliates based on hydrogen materials and parts technology, aiming to achieve ‘Net-Zero 2040’ for domestic business sites by 2040.

Since 2006, Kolon Industries has been intensively researching the hydrogen fuel cell field. It has established the first mass production system in Korea for the moisture control device, a core component of hydrogen vehicles, and is supplying it to Hyundai Motor Company. The company is also seeking to expand from the mobility sector to industrial applications.

Since 2020, Kolon Industries has been mass-producing PEM (Polymer Electrolyte Membrane), a key material for fuel cells used in hydrogen vehicles, and based on this technology, it has also established a production base for MEA (Membrane Electrode Assembly). With comprehensive supply capabilities for core components and hydrogen industry infrastructure, the company is positioning itself as a differentiated provider of integrated solutions in the hydrogen materials and parts sector.

Kolon Industries is also building an external cooperation system to promote ‘Net-Zero 2040’. In July, it signed an MOU with Deokyang to establish a cooperative foundation for hydrogen supply essential to fuel cell power generation projects, as well as green hydrogen (hydrogen obtained by splitting water using renewable energy such as wind power) and blue hydrogen (hydrogen produced by capturing and storing carbon dioxide to reduce carbon emissions).

In 00 month, Kolon Industries signed MOUs with Israeli company Aerovation to secure Carbon Capture & Utilization (CCU) technology and, by adding its own technological capabilities, is pursuing new business development to create Net-Zero solutions.

Kolon Industries plans to build hydrogen fuel cell power plants, which are the culmination of hydrogen technology, at its domestic business sites. Once a fuel cell power plant based on PEMFC (Polymer Electrolyte Membrane Fuel Cell), applying Kolon Industries’ already commercialized PEM, is established, hydrogen-based power generation will become possible, bringing the company closer to achieving its zero carbon emission goals at domestic sites.

Jang Hee-gu, President of Kolon Industries, said, “Based on Kolon’s 30 years of know-how in the hydrogen business, we are actively cooperating with external companies that possess core related technologies,” adding, “We will further solidify our position as a Sustainable technology creator.”

Affiliates engaged in hydrogen business within the Kolon Group also participated in this exhibition. Last month, at the 'H2 Summit Investor Day,' Kolon Group announced the ‘Kolon H2 Platform,’ which covers clean hydrogen production, transportation, storage, and power generation using hydrogen.

Kolon Global, Korea’s top wind power operator, plans to produce clean hydrogen using water electrolysis by utilizing nighttime and idle power generated from wind power characteristics. It is also promoting a blue hydrogen production business based on natural gas.

Kolon Glotech and Kolon Plastics are developing hydrogen fuel tanks to safely store and transport the produced hydrogen, and plan to apply these optimized applications across numerous industries including ships, trains, drones, and aviation.

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