"Global Production of 40 Million Tons of Clean Hydrogen by 2030... Support Needed from Governments Worldwide"

The Ministry of Trade, Industry and Energy and the Korea Energy Economics Institute announced on the 30th that they held the '3rd Clean Hydrogen Trade Initiative Forum' at Lotte Hotel Jamsil in Seoul, attended by over 400 domestic and international hydrogen companies and organizations.

International organizations, foreign government officials, and domestic and international experts gathered at the forum shared and discussed global trends recognizing clean hydrogen based on greenhouse gas reduction effects rather than hydrogen production methods, as well as the carbon reduction effects of co-firing power generation.

S&P Global, a global energy research institution participating as a forum speaker, revealed that more than 40 million tons of clean hydrogen are planned to be produced by 2030 in over 60 countries worldwide, emphasizing the need for government support in each country to promote the production of green hydrogen and blue hydrogen as clean hydrogen.

The International Renewable Energy Agency (IRENA) and the Hydrogen Council, a global CEO consortium of hydrogen-related companies, mentioned that for Korea, which will be a major demand and import country for clean hydrogen, it will be possible to secure economically viable clean hydrogen by utilizing abundant overseas resources through clean hydrogen trade. They stressed the need for sharing information on clean hydrogen standards among countries and cooperation in the global value chain to promote global clean hydrogen trade.

The German Federal Ministry for Economic Affairs and Climate Action announced plans to import a total of 45 to 90 terawatt-hours (TWh) of clean hydrogen by 2030, stating that considering the availability and economic feasibility of green hydrogen, they plan to import and utilize low-carbon hydrogen such as blue hydrogen.

Japan's JERA introduced demonstration results showing that in the ammonia co-firing power generation (20%) at the coal-fired power plant in the Hekinan area of Japan, greenhouse gas reduction effects were achieved along with reductions in nitrogen oxides (NOX) and sulfur oxides (SOx), which cause fine dust, compared to before co-firing power generation.

In his welcoming speech, Vice Minister Choi Nam-ho said, "Korea is accelerating the transition to a clean hydrogen ecosystem through the introduction of a clean hydrogen certification system and the opening of the world's first clean hydrogen power generation bidding market," adding, "To activate clean hydrogen trade, let us promote close cooperation to establish harmonization measures for clean hydrogen standards by country and build complementary supply chains."

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