Linde has partnered with Hyosung Corp. (Hyosung), one of South Korea’s largest industrial conglomerates, to build, own, and operate liquid hydrogen infrastructure in South Korea.
Linde will build and operate a liquid hydrogen facility with a capacity of over 30 tons per day. Based in Ulsan, the facility will use Linde’s proprietary hydrogen liquefaction technology. The first phase of the project is expected to start operations in 2023.
Under the partnership, Linde will sell and distribute the liquid hydrogen produced at Ulsan to the growing mobility market in South Korea. To enable this, the joint venture will build, own, and operate a nationwide network of hydrogen refueling stations.
“Hydrogen has emerged as a key enabler of the global energy transition to meet the decarbonization goals set out in the Paris Agreement,” said B.S. Sung, President of Linde Korea. “The South Korean government has set ambitious targets for hydrogen-powered fuel cell vehicles and the widespread, reliable availability of liquid hydrogen will be instrumental to achieving these targets. We are excited to partner with Hyosung to develop the hydrogen supply chain in South Korea.”