Hyundai Engineering Signs Business Agreement to Establish Hydrogen Production Base Based on Boryeong Water Electrolysis

Establishment of Hydrogen Production, Storage, and Transportation Infrastructure
Start of Clean Hydrogen Production from 2026

Hyundai Engineering announced on the 14th that it signed a business agreement on the 13th with Chungnam Provincial Government, Boryeong City Hall, Korea Midland Power, Techross Water & Energy, and ISTE to establish the 'Boryeong Water Electrolysis-Based Hydrogen Production Base.'

Stakeholders attending the 'Boryeong Water Electrolysis-Based Hydrogen Production Base Establishment' business agreement ceremony held on the 13th are taking a commemorative photo. From the left: Kim Jeong-cheol, CEO of Tecross Water & Energy; Kim Ho-bin, President of Korea Midland Power; Jeon Hyeong-sik, Deputy Governor for Political Affairs of Chungnam Province; Hong Hyun-seong, CEO of Hyundai Engineering; Park Seong-su, Vice President of ISTE; Kim Dong-il, Mayor of Boryeong.
[Photo by Hyundai Engineering]

The 'Water Electrolysis-Based Hydrogen Production Base Project' is a project to build infrastructure in Boryeong City, Chungnam, with a hydrogen production capacity of more than 1 ton (t) per day, capable of both storing and transporting hydrogen. The hydrogen produced at this base is expected to be supplied to nearby hydrogen refueling stations, contributing to the activation of the hydrogen mobility ecosystem.

Hyundai Engineering will be responsible for overall design, procurement of water electrolysis equipment, permits, and construction in this project. After conducting basic design early next year, construction is planned to begin by the first half of 2025, with full-scale clean hydrogen production starting in 2026.

Meanwhile, Hyundai Engineering is focusing on securing capabilities in clean hydrogen projects based on the judgment that hydrogen, a key energy source in the carbon-neutral era, will lead the future energy market. The company is laying the foundation for building a green hydrogen ecosystem through cooperation with numerous domestic and overseas organizations.

A Hyundai Engineering official stated, “Through the promotion of the Boryeong water electrolysis-based hydrogen production base project, we expect to gain experience and technological expertise in water electrolysis technology, a core technology for green hydrogen production.” He added, “We will continue to lead the activation of the hydrogen economy and the realization of carbon neutrality through continuous technology development and active business participation.”

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