Hanyang Partners with Linde to Launch Blue Hydrogen Production Cluster

Hanyang is making a full-scale entry into the hydrogen business in collaboration with Linde, the world's largest industrial gas production company.

On the 3rd (local time), Hanyang announced on the 4th that it signed an investment agreement worth a total of 800 million USD with Linde and Jeollanam-do to establish a blue hydrogen production cluster in Myodo, Yeosu-si, Jeollanam-do, in Frankfurt, Germany. Attendees at the signing ceremony included Hanyang CEO Kim Hyung-il, Jeonnam Governor Kim Young-rok, Yeosu Deputy Mayor Kim Jong-gi, Linde Senior Vice President Sean Durbin, and Linde Korea CEO Sung Baek-seok.

Linde is the world's number one company in industrial gas production and possesses technologies for hydrogen and ammonia production as well as carbon capture and storage (CCS).

According to the investment agreement, the two companies will invest a total of 800 million USD by 2030 in the redevelopment site of Myodo Port in Yeosu, where Hanyang is promoting the 'Northeast Asia Liquefied Natural Gas (LNG) Hub Terminal.' Through this, they plan to establish a blue hydrogen production cluster including an annual 80,000-ton hydrogen production facility, a hydrogen co-fired combined heat and power plant, and carbon capture, liquefaction, and storage facilities.

Hanyang expects that once the cluster is established, it will accelerate the 'Myodo Eco Energy Hub' project aimed at achieving carbon neutrality in Jeollanam-do and balanced regional development. In particular, Hanyang plans to diversify its energy business portfolio with renewable energy such as solar and wind power, where it already has strengths.

CEO Kim Hyung-il emphasized, "The blue hydrogen production cluster, which includes hydrogen production, storage, supply, and carbon capture facilities, will be an important forward base for the development of the future clean hydrogen industry and the realization of carbon neutrality. We will continue to promote the project to play a pivotal role in achieving regional carbon neutrality as a hub for expanding clean hydrogen supply."

Jeonnam Governor Kim Young-rok said, "We will do our best to support the successful establishment and operation of the blue hydrogen production cluster, which will be the core of building a carbon-neutral ecosystem representing not only the Yeosu Gwangyang Bay area but also the entire Jeonnam region."

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