South Korea Expands Hydrogen Infrastructure With New Storage and Fuel Cell Hubs (Image supported by ChatGPT)
SEOUL, June 26 (Korea Bizwire) — South Korea is pushing to build two hydrogen clusters in east coast provinces as part of efforts to foster the growth of hydrogen-related businesses, including hydrogen batteries, the industry ministry said Thursday.
The country will start constructing a special industrial complex for hydrogen storage and transportation across the eastern cities of Donghae and Samcheok in Gangwon Province in March next year, according to the Ministry of Trade, Industry and Energy.
A hydrogen liquefaction plant is also planned to be built in Samcheok after the government completes an economic feasibility study on the project in July.
The southeastern city of Pohang in South Gyeongsang Province will also begin construction of an industrial complex for manufacturing hydrogen fuel cells later this year to make the city a hub for hydrogen battery exports.
For the projects, the central and local governments will spend a combined 214.2 billion won (US$158 million) by 2028 while attracting an additional 293.6 billion won in investment from the private sector.
The ministry said it will actively work to create an industrial ecosystem for the full hydrogen value chain from production, storage and transportation to utilization.
(Yonhap)
