KOTRA Operates Korean Consultation Booth at 'World Hydrogen Summit'... Face-to-Face Consultations with 350 Companies

Hydrogen Summit in Rotterdam, Netherlands from 9th to 11th
Hydrogen Promotion and Consultation Booth Established from 10th

KOTRA announced on the 11th that it operated a Korean hydrogen promotion and consultation booth at the World Hydrogen Summit held in Rotterdam, Netherlands, from the 9th to the 11th (local time). It reported that face-to-face consultations were conducted with over 170 hydrogen experts and 350 exhibiting companies.

At the Korean IR (Investment Relations) session held on the same day (local time), many local stakeholders participated, showing high interest in Korea's hydrogen industry and investment environment, KOTRA said. KOTRA participated in the event together with the Hydrogen Convergence Alliance (H2Korea) and the Ulsan Free Economic Zone Authority.

Earlier, on the 24th of last month, KOTRA held a 'Korea-Europe Hydrogen Partnering Webinar' with participants including the Port of Rotterdam Authority and Shell. The webinar introduced the status of European hydrogen projects and promoted the domestic hydrogen industry and major companies. Following the webinar, one-on-one online consultations between major companies in Europe and Korea were promoted.

At the summit site, face-to-face follow-up consultations were conducted with over 170 hydrogen ecosystem experts and 350 exhibiting companies to explore additional cooperation opportunities.

KOTRA Headquarters in Yeomgok-dong, Seocho-gu, Seoul. [Photo by KOTRA]

KOTRA explained that European countries that have announced national hydrogen strategies include the Netherlands, France, Germany, Norway, Portugal, and Spain. Each country implements policies linked to EU (European Union) subsidies. The Netherlands and Germany are leading the market. In particular, the Netherlands plans to replace 30% of its energy consumption with bio and hydrogen gas by 2050. Under government support, numerous projects are underway across the entire value chain, including hydrogen production, storage, transportation, refueling, and utilization.

A representative from the Port of Rotterdam Authority said, "It was a great opportunity to broaden our overall understanding of the Korean hydrogen industry," adding, "It was meaningful to meet Korean companies needed for planned projects."

Moon Jae-do, chairman of the Hydrogen Convergence Alliance, stated in his keynote speech at the summit, "Explaining the achievements of building Korea's hydrogen ecosystem and globalizing the hydrogen economy requires international cooperation in the hydrogen industry." Korea is preparing a clean hydrogen certification system design, incentive schemes, and a clean hydrogen power generation bidding system for international trade of hydrogen energy.

Kim Hyun-chul, head of KOTRA's Europe Regional Headquarters, said, "Clean hydrogen production and utilization projects based on the abundant renewable energy of the North Sea are expected to accelerate in Europe," adding, "We plan to continue supporting domestic companies' entry into the European hydrogen market."

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