Ulsan Free Economic Zone Authority Participates in 'All Energy Australia 2022' Exhibition

26-27, Melbourne Convention Centre, Australia … Korea's Only Exhibition Booth Operation, Corporate Investment Attraction Activities

All Energy Australia 2022.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] The Ulsan Free Economic Zone Authority will participate in Australia’s largest energy exhibition, ‘All Energy Australia 2022,’ to promote investment attraction activities.

The exhibition will be held from the 26th to the 27th at the Melbourne Convention and Exhibition Centre in Melbourne, Australia, with over 300 companies participating. It will showcase hydrogen and hydrogen fuel cells, energy storage, batteries, and wind energy equipment.

The Ulsan Free Economic Zone Authority is the only Korean organization operating an exhibition booth at the event.

The Authority will introduce the Ulsan Free Economic Zone to participating companies, provide information on incentives for corporate investment, and conduct one-on-one consultations with key companies.

Additionally, they will directly visit major local hydrogen companies and institutions in Australia to share Ulsan Free Economic Zone’s investment policies and the current status of Ulsan’s hydrogen ecosystem, aiming to facilitate foreign direct investment (FDI).

They plan to open channels for cooperation with H2X, an Australian automobile company that procures parts overseas and produces hydrogen electric vehicles at its Sydney factory, as well as with companies based in Ulsan, a leading city in the hydrogen automobile sector.

Australia has strengths in hydrogen production, with excellent solar, wind, and hydroelectric power, and 11% of its total land area suitable for green hydrogen production. Therefore, Australia and Korea can be the best partners in the hydrogen market.

However, since infrastructure and technology for hydrogen utilization are lacking, cooperation with Korea, which has strengths in hydrogen mobility and fuel cells, can be a win-win.

The city plans to develop Ulsan Port into a Northeast Asia clean hydrogen energy hub by 2030. Through a dedicated hydrogen pier, it will serve as the starting point for transporting hydrogen imported from Australia to inland Korea, allowing Ulsan Port to become a genuine ‘hydrogen hub port.’

A representative from the Ulsan Free Economic Zone Authority said, “Starting with this event, held face-to-face for the first time in two years since COVID-19, we will actively attract foreign investment companies through more overseas face-to-face promotional activities in the future.”

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