Hyundai Motor, Hydrogen Vehicle Expansion... "Joining to Establish Jeju Green Hydrogen Global Hub"

[Asia Economy Reporter Hyunseok Yoo] Hyundai Motor Company is contributing to the establishment of a green hydrogen ecosystem in Jeju Island, which is pursuing carbon neutrality by 2030.

Hyundai Motor announced on the 29th that it participated in the 'Jeju Green Hydrogen Global Hub Establishment Plan Announcement and Jeju Green Hydrogen Production Demonstration Project Launch' event held at the CFI Energy Future Hall in Gujwa-eup, Jeju City.

Hyundai Motor has agreed to collaborate with the Ministry of Trade, Industry and Energy, Jeju Special Self-Governing Province, and Korea Southern Power Co., Ltd. to build a green hydrogen ecosystem within Jeju Island. This event was held as part of the establishment of the Jeju green hydrogen ecosystem, which is being promoted based on the government's hydrogen economy implementation basic plan announced in November last year. Attendees included Oh Young-hoon, Governor of Jeju Special Self-Governing Province, Park Il-jun, 2nd Vice Minister of the Ministry of Trade, Industry and Energy, Yoo Won-ha, Vice President and Head of Hyundai Motor's Domestic Business Division, and Lee Seung-woo, President of Korea Southern Power.

'Green hydrogen' is hydrogen obtained through the electrolysis of water. Unlike 'blue hydrogen,' which uses carbon capture and storage technology during production, and 'gray hydrogen,' which is produced from fossil fuels, green hydrogen is called the 'ultimate eco-friendly hydrogen' because it emits no carbon dioxide during production.

In Gujwa-eup, Jeju City, a large-scale green hydrogen production facility will be established through a green hydrogen production demonstration project implemented from 2022 to 2026, applying numerous water electrolysis hydrogen production demonstration technologies. Additionally, the introduction of hydrogen mobility within Jeju Island will be gradually promoted in connection with this.

By 2025, Jeju Island plans to distribute ▲50 hydrogen-powered cleaning vehicles ▲100 hydrogen buses ▲200 hydrogen passenger cars. By 2030, an additional ▲150 hydrogen cleaning vehicles (cumulative 200) ▲200 hydrogen buses (cumulative 300) ▲1,000 hydrogen passenger cars (cumulative 1,200) will be supplied.

Hyundai Motor plans to begin supplying hydrogen city buses in Jeju Island starting in 2023. To meet the charging demand of Nexo customers, a hydrogen passenger vehicle, a mobile hydrogen charging station (dedicated to passenger vehicle charging) will also be introduced. A Hyundai Motor official said, “We hope the era of green hydrogen mobility will open in Jeju Island, the carbon neutrality mecca of South Korea,” adding, “We will actively support not only the establishment of the green hydrogen ecosystem including production, supply, and demand but also help Jeju Island become a global hub for green hydrogen.”

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