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Hyundai Steel will expand its hydrogen business to go in tandem with its biggest client Hyundai Motor Group’s aim to produce 500,000 fuel cell electric vehicle (FCEV) units by 2030.
The steelmaker pledged to increase its hydrogen production capacity tenfold by 2025, aiming to produce 40,000 tons of hydrogen a year. That would be enough to operate 200,000 units of Nexo the entire year.
Hyundai Steel's hydrogen plant currently produces up to 3,500 metric tons of hydrogen annually, enough to fuel 17,000 units of Hyundai Motor’s FCEV Nexo all year around.
Hyundai Steel CEO Ahn Dong-il said they are making their steel mill eco-friendly by actively promoting resource circulation and recycling.
Hyundai Steel produces hydrogen by separating hydrogen from coke oven gas (COG).
Half of the hydrogen produced from Hyundai Steel’s Dangjin steel plant is supplied for fuel cell EVs, and the semiconductor cleaning process. The rest is used at the plant for preventing product oxidation.
Hyundai Steel produces enough metal bipolar plates, which are key materials of the fuel cell system used in the vehicles, that can be applied to about 16,000 FCEV units a year.
