Home Business & Economy Linde to Develop World’s Largest Liquid Hydrogen Production Facility in South Korea...

Linde to Develop World’s Largest Liquid Hydrogen Production Facility in South Korea | ChemAnalyst

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Linde has hustled the world with the announcement of setting up the world’s largest infrastructure facility in Ulsan, South Korea. The company will be partnering with Hyosung Corporation, South Korea’s renowned industrial conglomerate, to develop and operate a mega Hydrogen facility of 30 metric tonnes per day (MTPD).

For more information: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/linde-to-develop-worlds-largest-liquid-hydrogen-production-facility-in-south-korea-6477

The new production unit will be based on Linde’s own proprietary liquefaction technology which is presently the world’s highly used technology for commercial production of Hydrogen. With a massive production capacity, the facility based in Ulsan, South Korea is expected to produce enough Hydrogen fuel to operate nearly 100000 cars and limit up to 130000 tons of tailpipe carbon dioxide emissions every year. The first phase of the facility is likely to come onstream by 2023.

Pricing overview: https://www.chemanalyst.com/Pricing/Pricingoverview

Under the joint venture, Linde is aiming to sell and distribute the product to the vast transportation market in South Korea. To bring it into action, the two companies will together develop, own, and function a broad nationwide network of Hydrogen refueling stations. This large-scale Hydrogen network is perceived to viably assist in taking ahead the country’s progressive target of zero carbon emissions by 2050.

Supporting the venture, Chairman of Hyosung Group revealed that the joint venture with Linde is a foundation step of South Korea’s vision of establishing a national Hydrogen economy and will considerably serve in advancing the Liquid Hydrogen value chain in South Korea. The personnel even stated that they are extremely inclined towards the project and are looking forward towards working with Linde to fuel the vision of a hydrogen energy transition.

As per ChemAnalyst, “Since various Asian governments have placed an ambitious target of transitioning to a ‘Hydrogen Fuel Economy’, the sustained and reliable availability of the product will serve as a cornerstone for achieving these set targets.”

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Source: ChemAnalyst