Lotte SK Enerute and Ulsan City to Establish Hydrogen Fuel Cell Power Plant

by Oh Hyungil

Published 05 Apr.2024 16:04(KST)

On the 5th, Lotte SK Eneroot announced that it signed a Memorandum of Understanding (MOU) with Ulsan City for the establishment of a hydrogen fuel cell power plant. The signing ceremony was attended by Kim Doo-gyeom, Mayor of Ulsan Metropolitan City, Kim Yong-hak, Co-CEO of Lotte SK Eneroot, and other officials.

Lotte SK Enerute announced on the 5th that it signed a Memorandum of Understanding (MOU) with Ulsan City for the establishment of a hydrogen fuel cell power plant. Shim Young-sun, Co-CEO of Lotte SK Enerute (third from the left), Kim Yong-hak, Co-CEO of Lotte SK Enerute, Kim Doo-gyeom, Mayor of Ulsan Metropolitan City, and Ahn Hyo-dae, Vice Mayor of Ulsan Metropolitan City (Photo by Lotte SK Enerute)

Lotte SK Eneroot will invest a total of 100 billion KRW to complete a byproduct hydrogen fuel cell power plant on a 15,431㎡ site within the Ulsan·Mipo National Industrial Complex by the end of 2025, aiming to reduce greenhouse gas emissions and serve as an eco-friendly power source. The approximately 160,000 MWh of electricity produced through the new hydrogen fuel cell power plant will be sufficient to reliably supply power to about 40,000 households

(based on four persons per household) in Ulsan.

In addition to the new power plant investment, Lotte SK Eneroot stated that it will prioritize hiring Ulsan citizens when recruiting personnel needed for future factory construction and operation, cooperating with Ulsan City to create jobs and revitalize the local economy. The company also promised to actively collaborate with Ulsan City to ensure that hydrogen infrastructure facilities such as pipelines, built for the power plant establishment, can be linked to local hydrogen energy distribution projects, including the establishment of hydrogen charging stations.

Co-CEO Kim Yong-hak said, "Through cooperation with Ulsan City, we will actively strive to successfully promote the byproduct hydrogen fuel cell power generation project and contribute to achieving Ulsan’s hydrogen city plan."

Co-CEO Shim Young-sun of Lotte SK Eneroot also said, "The establishment of this hydrogen fuel cell power plant will be a meaningful project in terms of creating large-scale hydrogen demand and expanding hydrogen supply infrastructure within Ulsan," adding, "We will actively cooperate to revitalize the hydrogen industry ecosystem in the Ulsan region through this project."

In response, Ulsan City stated that it will actively support administrative procedures such as permits necessary for the successful promotion of the hydrogen fuel cell power plant project and will continuously cooperate with Lotte SK Eneroot to revitalize the local economy and create jobs.

Mayor Kim Doo-gyeom emphasized, "Hydrogen is an eco-friendly energy source with zero carbon emissions, and Ulsan is building a full-cycle value chain from hydrogen production, storage, transportation, to utilization," adding, "We will do our best to attract many hydrogen-related companies and establish Ulsan as a global leading hydrogen city."