Busan City Signs Agreement for Localization of Core Equipment and Systems in the Liquefied Hydrogen Sector

November 21, 11 AM at BEXCO, Korea Gas Safety Corporation, SKE&S, Korea Institute of Industrial Technology

Local Companies' Technological Competitiveness↑, Expectation for Busan to Leap as an Eco-Friendly Hydrogen Advanced City

Busan City will sign a "Business Agreement for the Localization of Core Equipment and Systems in the Liquefied Hydrogen Sector" with the Korea Gas Safety Corporation, SK E&S, and the Korea Institute of Industrial Technology at 11 a.m. on the 21st at BEXCO.

Busan City Hall.

At the signing ceremony, Shin Chang-ho, Director of the Digital Economy Innovation Office of Busan City, Park Hee-jun, President of the Korea Gas Safety Corporation Research Institute, So Yoo-seop, Vice President of SK E&S, and Lee Young-chul, Head of the Korea Institute of Industrial Technology, will attend and sign the agreement.

This business agreement was prepared to enable local companies to localize core equipment and systems in the liquefied hydrogen sector through mutual cooperation among related organizations, enhancing the technological competitiveness of local companies and helping Busan leap forward as an eco-friendly hydrogen advanced city.

Liquefied hydrogen is produced by cooling hydrogen to minus 253 degrees Celsius. It is attracting attention as a core of the hydrogen industry due to its excellent safety and transportation efficiency, but most of it is dependent on imports.

As the global industrial environment rapidly shifts toward low carbon and eco-friendliness, major advanced countries are also quickly promoting the transition to a hydrogen society.

Once this agreement is signed, to localize core equipment and systems in the liquefied hydrogen sector for local companies, ▲ Busan City will foster the liquefied hydrogen equipment industry through administrative support, ▲ Korea Gas Safety Corporation will support certification and standardization to verify the technological reliability of local companies, ▲ SK E&S will provide technology for the localization of liquefied hydrogen facilities, and ▲ the Korea Institute of Industrial Technology will support the development infrastructure for core equipment and systems in the liquefied hydrogen sector.

Shin Chang-ho, Director of the Digital Economy Innovation Office, said, "Our city has developed industries such as ports, shipbuilding, and automobiles, showing excellent growth potential as a hydrogen advanced city, including fostering the hydrogen mobility industry linked to liquefied hydrogen." He added, "Through this agreement, we will help local companies localize liquefied hydrogen technology and cooperate with related organizations so that the hydrogen industry can become a core industry in the region."

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