Hyundai Heavy Industries works on hydrogen supply chain by 2030
Hyundai Heavy Industries (HHI) Group of South Korea intends to invest in all facets of the hydrogen value chain, from development to transportation, storage, and use of hydrogen fuel.
HHI unveiled its hydrogen roadmap 2030 during an online conference, based on its plans to create a hydrogen value chain.
Each HHI associated unit will make use of its infrastructure and technological competitiveness as part of the strategy.
The shipbuilding holding subsidiary, Korea Shipbuilding & Offshore Engineering (KSOE), is working on hydrogen-fueled vessels, hydrogen transport tankers, and offshore fuel production plants.
KSOE will cooperate with Hyundai Oilbank, a petroleum and refining firm, on hydrogen production infrastructure.
Green hydrogen will be developed by KSOE, while blue hydrogen will be developed by Hyundai Oilbank, with the goal of producing hydrogen from liquefied petroleum gas supplied by Saudi Arabia's Aramco.
In South Korea, Hyundai Oilbank will convert a portion of its gasoline stations to hydrogen filling stations.
Other hydrogen-related businesses that use fuel cells will be sponsored by Hyundai Electric & Energy Systems and Hyundai Construction Equipment.
Maritime Business World