Hanwha General Chemical will join hands with Korea Western Power to test to use eco-friendly power generation technology in practice.
Hanwha General Chemical announced on March 30 that it has signed a "Hydrogen enriched combustion generation business cooperation agreement (MOU)" to revitalize the hydrogen economy with Korea Western Power on March 29.
The two companies agreed to cooperate in developing hydrogen enriched combustion technologies in the green new deal low-carbon power generation sector and in establishing a hydrogen economy ecosystem.
Hydrogen enriched combustion generation is a way of developing gas by burning hydrogen and natural gas together in a gas turbine. The higher the proportion of hydrogen enriched combustion is, the lower the CO2 emissions are. In the U.S. and Europe, it is evaluated as a whole stage of hydrogen generation, which is zero carbon emissions.
With this MOU, Korea Western Power will provide 80MW gas turbine, which was operated at Pyeongtaek 1 complex power plant, and Hanwha General Chemical will use the gas turbine to repair life extension and test hydrogen enriched combustion generation.
After completing the project, the companies are also planning to further demonstrate the expansion and application of hydrogen mixed technology to the existing complex firepower facilities. Its goal is to reduce carbon dioxide by 100 percent by gradually replacing gas turbine fuel with hydrogen from natural gas.
The companies are also planning to add strength to the government's carbon neutrality as early as possible through commercialization of hydrogen power generation.
Park Heung-kwon, CEO of Hanwha General Chemical, said, "We will work with partners who already have the world's best hydrogen enriched combustion technology to lay the foundation for global leadership in the field."
Meanwhile, last year, the government announced a plan to strengthen the competitiveness of the gas turbine industry, which will lead the era of green new deal and carbon neutrality.
