Subsidiary Arc Energy to Begin Pilot Production by End of Q1 Next Year
Green Hydrogen 155 Tons Annually... First Case of Domestic Company Overseas Production

ArkEnergy, a subsidiary of Korea Zinc, announced on the 3rd that it held a groundbreaking ceremony for ‘SunHQ (SunHydrogen Hub)’ on the 1st in Townsville, Queensland, Australia.


Through ‘SunHQ,’ a project to replace diesel fuel with hydrogen commercial mobility is being carried out, and ArkEnergy, which plays a central role in Korea Zinc’s renewable energy and green hydrogen business sectors, is conducting a demonstration project.


Green hydrogen pilot production is scheduled to begin at the end of the first quarter of next year. It will be capable of producing 155 tons of green hydrogen annually. It is expected to become one of the largest production facilities in Australia.


Groundbreaking ceremony site of the green energy hub 'SunHQ' located in Townsville, Queensland, Australia. (From left) Scott Stewart, Queensland State Government Minister for Resources; Park Ki-deok, President of Korea Zinc; Daniel Kim, CEO of Arc Energy; Kacy Danana, Vice Chairman of Arc Energy; Paul McCartney, CIO of Clean Energy Finance Corporation. Photo by Korea Zinc

Groundbreaking ceremony site of the green energy hub 'SunHQ' located in Townsville, Queensland, Australia. (From left) Scott Stewart, Queensland State Government Minister for Resources; Park Ki-deok, President of Korea Zinc; Daniel Kim, CEO of Arc Energy; Kacy Danana, Vice Chairman of Arc Energy; Paul McCartney, CIO of Clean Energy Finance Corporation. Photo by Korea Zinc

View original image

It is also the first case among domestic companies to produce renewable hydrogen overseas. It is receiving financial support from the Queensland State Government’s Hydrogen Industry Development Fund, the Australian Renewable Energy Agency (ARENA), and the Clean Energy Finance Corporation (CEFC).


Daniel Kim, CEO of ArkEnergy, said, “With the groundbreaking of SunHQ, we are officially establishing the hydrogen economy in northern Queensland and accelerating carbon neutrality in Australia’s mega transport sector by several years. It is ultimately designed to achieve large-scale carbon emission reduction goals.”


Australia has been making long-term investments in the renewable energy industry to respond to climate change. As of 2021, the share of renewable energy in total electricity production reached 32.5%. Among this, wind energy accounts for 35.9%, rooftop solar 24.9%, hydropower 21.6%, and large-scale solar 12.3%. Renewable energy exports are expected to reach AUD 333 billion annually by 2050.



SunHQ exterior [Photo by Korea Zinc]

SunHQ exterior [Photo by Korea Zinc]

View original image


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing