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Hyundai Motor and SK E&S Co. Ltd. recently participated in the Hydrogen & Fuel Cell Seminar (HFCS) which is the largest event in the hydrogen business in North America. With their participation, the South Korean companies reaffirmed their intention to enter the hydrogen market in the U.S.
An official said that Hyundai Motor and SK E&S want to infiltrate this market better. South Korea’s Ministry of Trade, Industry and Energy also said it took part in the seminar that was held from Feb. 7 to Feb. 9 in Long Beach, California, as a guest of honor.
The event was organized by the Fuel Cell & Hydrogen Energy Association (FCHEA) and has the support of the U.S. government. In any case, the Ministry of Trade also held a public-private joint investment briefing session at the seminar.
The Korea Times reported that the event is a business venue where over 70 companies and organizations from around the world come together to talk about the global issues related to the hydrogen industry. There is also an exhibit for the latest technologies developed by the participating firms.
Korea's MOTIE revealed its plans of building the largest liquefied hydrogen plant in the world. It is aiming to set up the facility in the country this year to supply commercial hydrogen vehicles.
At the event, Hyundai Motor also showcased its Xcient Fuel Cell truck and shared its plan to develop the hydrogen commercial vehicle business in North America. SK E&S unveiled its plan to add more regions to expand its Asian market by launching its SK Plug Hyverse which is a joint venture with Plug Power and Korea Zinc. The company revealed it has a green hydrogen value chain construction project in Australia.
“Hyundai Motor Group plans to pursue hydrogen-related business opportunities encompassing the whole hydrogen value chain, including production, reform and carbon capture utilization and storage (CCUS) as well as storage, transportation and utilization,” Hyundai said in a press release.
The automaker added, “In support of the plan, the Group aims to establish its ‘Waste-to-energy’ hydrogen production system by actively utilizing biogas extracted from organic waste and contributing to advancing an eco-friendly hydrogen ecosystem through not only mobility, but also diversified hydrogen applications.”
