Thirteen hydrogen industry leaders have jointly founded a new special purpose corporation (SPC) aimed at revamping South Korea’s hydrogen charging station construction and operation projects.
Hydrogen energy Network (HyNet) was officially launched earlier this week by the Korean Ministry of Trade, Industry and Energy (MOTIE), a branch of the South Korean Government, and aims to build and operate 100 hydrogen stations by 2022.
According to MOTIE most current hydrogen stations in South Korea have been built and operated by local governments. Private players were hesitant to be involved in station construction or operation.
However, with the full-fledged participation of the 13 firms – Korea Gas Corporation, Hyundai Motor, Air Liquide Korea, Woodside, EcoBio Holdings, Kolon Industries, Hyosung Heavy Industries, Nel Korea, Bumhan Industries, JNK Heaters, SPG Chemical, Deokyang and Valmax Technology corporation – things are about to change.
... to continue reading you must be subscribed
