Ulsan City and Hyundai Motor Join Forces for Hydrogen-Friendly City Ulsan

Cooperation Agreement for Building a Hydrogen Ecosystem on the 12th

Mutual Cooperation in Promoting the Entire Hydrogen Industry Cycle

Ulsan City and Hyundai Motor Company are joining forces to make Ulsan a hydrogen-friendly city.

On the 12th at 2 p.m., Ulsan City will sign a business agreement for ‘Cooperation in Building a Hydrogen Ecosystem with Hyundai Motor Company’ in the VIP room on the 2nd floor of the Hyundai Motor Ulsan Plant PR Center.

The signing ceremony will be attended by Kim Doo-gyeom, Mayor of Ulsan, and Lee Dong-seok, CEO of Hyundai Motor Company.

According to the agreement, Hyundai Motor Company will collaborate with Ulsan City to promote projects across the entire hydrogen industry cycle, including building an integrated hydrogen supply chain (value chain) covering hydrogen production, supply, storage, hydrogen fuel cell vehicle development, and fuel cell system utilization, as well as expanding hydrogen-related public sector projects.

Ulsan City will provide active administrative support related to Hyundai Motor Company’s projects across the entire hydrogen industry cycle.

The main areas of cooperation include ▲ technology development, demonstration, and commercialization for clean hydrogen production such as water electrolysis (hydrogen production) ▲ technology development and demonstration to improve efficiency in hydrogen supply and distribution (hydrogen distribution) ▲ mutual cooperation in demonstrating new mobility means such as hydrogen tractors and hydrogen forklifts, and expanding the distribution of various mobility means (hydrogen utilization).

With this agreement, Ulsan plans to strengthen its position as a ‘leading city for clean hydrogen energy’ equipped with a high value-added hydrogen industry ecosystem covering ‘hydrogen production-storage-distribution-utilization,’ and to accelerate the realization of a hydrogen society.

Additionally, Ulsan aims to advance carbon neutrality further by expanding its sophisticated hydrogen infrastructure, including the nation’s largest supply of hydrogen fuel cell vehicles, hydrogen charging stations, and hydrogen pipeline networks, efforts that Ulsan City has been pursuing.

Lee Dong-seok, CEO of Hyundai Motor Company, said, “Hyundai Motor Company is continuing comprehensive efforts to build a hydrogen society, including establishing an ecosystem based on hydrogen energy beyond hydrogen mobility. Through this agreement, we will seek continuous cooperation to make Ulsan the center of hydrogen-friendly cities.”

Mayor Kim Doo-gyeom said, “I am very honored to sign this business agreement for cooperation in building a hydrogen ecosystem to promote Ulsan as a hydrogen-friendly city together with Hyundai Motor Company. Based on our leading industries such as automobiles, hydrogen, secondary batteries, and fine chemicals, as well as the nation’s largest hydrogen infrastructure, we will collaborate with Hyundai Motor Company to make Ulsan a ‘leading city for clean hydrogen energy’ and lead a successful transition to an eco-friendly future mobility industry.”

Following Ulsan’s selection in September this year for the ‘3rd Phase Hydrogen City Creation Project’ hosted by the Ministry of Land, Infrastructure and Transport, the city will also promote a regional specialized project for innovative technology demonstration of the nation’s first hydrogen tractor in cooperation with Hyundai Motor Company.

The main plan is to develop the nation’s first operable hydrogen tractor with Hyundai Motor Company and operate three units on long-distance freight logistics routes originating from Ulsan for demonstration purposes.

In particular, by developing core technologies domestically, the project aims to induce the conversion of diesel-based large freight vehicles, which are mostly imported, into domestically produced eco-friendly vehicles, thereby advancing the domestic eco-friendly vehicle industry in the logistics sector to the next level.

Ulsan City Hall.

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