Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
REPAY Stock Rises After Visa Platform Connect Collaboration 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Google to Move All Pixel Production Out of China by 2027 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
Add as a preferred source on Google
Hyundai Heavy Industries Group (HHIH) will develop hydrogen-related businesses as its new growth engine by establishing a unit that handles hydrogen production and its use on land and sea by 2030.
The plan was in response to tightened environmental regulations and rising demand for eco-friendly fuels.
Ships propelled by hydrogen only create water in the process of generating power, making it an environmentally-friendly alternative to fossil fuels.
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the group's sub-holding company, will go ahead with a project to produce green hydrogen by splitting water through electrolysis, using renewable energy sources such as wind power without emitting carbon dioxide.
The shipbuilding group will also accelerate the development of hydrogen carriers.
In October, South Korean ship quality assurance and risk management company KR, and the Liberian International Ship & Corporate Registry approved Hyundai Mipo Dockyard Co.'s design of a commercial hydrogen carrier.
KSOE also will develop ships propelled by hydrogen fuel cells.
The group's refining unit, Hyundai Oilbank Co., is set to build about 180 hydrogen stations by 2030 across the country, while other affiliates will also be engaged in various hydrogen-related businesses.
Earlier this month, HHIH inked a deal with state-run Saudi Aramco to cooperate in producing blue hydrogen.
To support its environment-friendly projects, the group plans to raise one trillion won by listing shares of Hyundai Heavy Industries Co. this year.
In February, HHIH raised about 800 billion won via a pre-initial public offering of its ship repairing unit Hyundai Global Service to garner investment for its hydrogen business.
